Brookfield Aims to Leverage its Heft to Expand Fundraising
February 13, 2024 by Luis Garcia
Brookfield Asset Management, the publicly traded investment unit of Brookfield Corp., plans to use its scale and breadth to raise as much as $100 billion annually even as rivals enter its core markets by backing other infrastructure specialists and clean-energy developers.
“We can expect to raise approximately $75 billion annually separate and apart from our flagship funds, which are typically raised every few years,” President Connor Teskey said Wednesday during an earnings call with analysts.
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Originally Posted at The Wall Street Journal on February 7, 2024 by Luis Garcia.
Categories: Industry Articles