Welcome to our dedicated page for Brookfield Asset Management Ltd. news (Ticker: BAM), a resource for investors and traders seeking the latest updates and insights on Brookfield Asset Management Ltd. stock.
Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager with over $900 billion of assets under management. Specializing in alternative asset management services, the company offers an extensive range of investment products to a diverse group of investors including public and private pension plans, endowments, foundations, sovereign wealth funds, financial institutions, insurance companies, and private wealth investors.
Brookfield's portfolio spans several key sectors such as renewable power and transition, infrastructure, private equity, real estate, and credit. The firm invests client capital for the long term with a focus on real assets and essential service businesses that support the global economy.
Recent achievements include a strategic partnership with Zoetis Inc. through a Virtual Power Purchase Agreement, powering a significant portion of the Heart of Texas Wind Farm. Brookfield has also been active in furthering its investment strategies; it has acquired a majority stake in Castlelake, an asset-backed private credit manager, and an additional 5% interest in Oaktree.
Financially, Brookfield is robust, with $107 billion in uncalled fund commitments as of December 31, 2023. The company continues to grow its fee-bearing capital and recently completed the acquisition of AEL through its reinsurance arm, managing an additional $50 billion of capital. Regular dividends are declared, reflecting the company’s commitment to rewarding its shareholders.
Brookfield operates with a philosophy of investing for value across economic cycles, drawing on its heritage as both an owner and operator to generate strong returns for its clients. The company also emphasizes sustainability, as evidenced by its leadership in renewable power and decarbonization solutions.
For more detailed information, visit the Brookfield Asset Management website at bam.brookfield.com.
Brookfield Asset Management (BAM) and Elion Partners announced a $1 billion strategic partnership to enhance Brookfield's Real Estate Secondaries logistics portfolio. This involves the recapitalization of Elion Logistics Park 55 in Chicago, which includes five existing 100% leased Class A industrial assets totaling 4 million square feet and a potential for 15 million square feet of further development. The investment also includes an $80 million equity commitment to Elion's Fund V, which closed at $500 million.
GrafTech International Ltd. (NYSE:EAF) will have its President and CEO, David Rintoul, speak at the virtual 2021 RBC Capital Markets Global Industrials Conference on September 10, 2021, at 10:00 a.m. (EDT). The event will be available for live streaming from the company's Investor Relations webpage. An archived version will be accessible until September 9, 2022. GrafTech is a premier manufacturer of graphite electrode products, crucial for electric arc furnace steel production, and is notably vertically integrated into petroleum needle coke supply.
Brookfield Asset Management (NYSE: BAM) reported strong Q2 2021 financial results with $2.4 billion in net income, a significant turnaround from a loss of $1.5 billion in Q2 2020. Distributable earnings reached $1.2 billion, marking a 14% year-over-year increase. The company raised $24 billion in capital, including $9 billion for its flagship real estate fund and $7 billion for the Global Transition Fund. Fee-related earnings grew by 49%, while unrealized carried interest reached $6.2 billion. A quarterly dividend of $0.13 per share was declared, payable on September 29, 2021.
Brookfield Asset Management announced the closing of its Brookfield Global Transition Fund (BGTF) with an initial capital of US$7 billion, marking it as the largest fund aimed at a net-zero economy. The hard cap is set at US$12.5 billion. Founding partners include Ontario Teachers’ and Temasek, both committing significant capital. The Fund will leverage Brookfield’s expertise in renewable power to drive investments in decarbonization and sustainable solutions, aligning with the Paris Agreement to achieve net-zero emissions by 2050 or sooner.
BROOKFIELD, NEWS, July 21, 2021 – Brookfield Asset Management announced a public offering of senior notes totaling US$600 million due 2032, with a 2.34% interest rate. Additionally, a re-opening of 3.500% notes due 2051 was priced at US$250 million, increasing the total series amount to US$750 million. Proceeds from the 2032 notes will support energy-efficient buildings and renewable projects, while net proceeds from the 2051 notes will be used for general corporate purposes. The offering adheres to existing regulatory frameworks in Canada and the U.S.
Brookfield Asset Management will host its 2021 Second Quarter Conference Call and Webcast on August 12, 2021, at 11:00 a.m. (Eastern Time) to discuss financial results and business initiatives. The results will be available on their website prior to the call. Investors can participate via phone or through a live webcast. Brookfield manages over US$600 billion in assets across various sectors, providing alternative investment solutions to a global client base. The company trades under the stock symbol BAM on both the New York and Toronto exchanges.
Brookfield Asset Management and Oaktree Capital Management have agreed to transition the advisory role of the Oaktree Real Estate Income Trust to Brookfield, which will be renamed Brookfield Real Estate Income Trust. This transition, set for Q4 2021, aims to leverage Brookfield's global expertise while retaining Oaktree's asset management. The investment strategy will remain largely unchanged, with new exposure to non-U.S. markets. The transition is subject to regulatory approvals, and no guarantee exists for its completion as planned.
BROOKFIELD, NEWS, June 28, 2021 - Brookfield Asset Management has established Brookfield Reinsurance to enhance its insurance businesses. Shareholders received one exchangeable limited voting share of Brookfield Reinsurance for every 145 shares of Brookfield held. These shares, trading under the symbol ‘BAMR’, can be exchanged for Brookfield Shares on a one-for-one basis, with distributions aligned with Brookfield dividends. This initiative aims to provide a scalable platform for investors and strengthen Brookfield's capital-based solutions in the insurance sector.
Brookfield Asset Management (TSX: BAM.A, NYSE: BAM) announced the successful election of all eight nominees to its board of directors during its annual meeting held on June 11, 2021. The meeting, conducted virtually, saw overwhelming support from Class A and Class B shareholders, with over 99% of votes in favor of the nominees. Notable votes included M. Elyse Allan with 99.61% and Hutham S. Olayan with 99.78%. Brookfield, a global alternative asset manager, manages over USD 600 billion in assets across various sectors.
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