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Canada  + Cross Border News + Ontario  + Finance  | 
Photo of Brookfield Asset Management industrial property.

Brookfield Asset Management Portolio Value Rises to $1T

Brookfield Asset Management’s portfolio value has risen to $1 trillion as the investment giant continues to raise large amounts of capital.

Toronto-based BAM’s assets under management total reached the $1-trillion mark during the second quarter, the company reported Wednesday.

“This [milestone] reflects the dedication and talent of our over 2,400 investment and asset management professionals and nearly a quarter-million operating employees around the world, and is a testament to our commitment to serving our clients and delivering attractive, consistent risk-adjusted returns over the long term,” said Connor Teskey, BAM’s president.

BAM said its real estate business raised $1.1 billion altogether during the second quarter. As Connect previously reported, a significant portion of that money went into the fifth vintage of Brookfield’s real estate flagship fund.

Altogether, the company secured $68 billion in capital raises during the period.

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Inside The Story

Brookfield Asset ManagementConnor Teskey

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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