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Brookfield Asset Management Ltd. - BAM STOCK NEWS

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.

News

American Tower Completes Strategic Review, Announces Agreement to Sell Operations in India to Brookfield

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American Tower Corporation (AMT) has signed a definitive agreement with Data Infrastructure Trust, an Infrastructure Investment Trust sponsored by an affiliate of Brookfield Asset Management, to sell 100% of the equity interests in American Tower’s operations in India for potentially up to $2.5 billion. The transaction is expected to close in the second half of 2024 and will be subject to government and regulatory approvals.
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Canada Growth Fund Announces Strategic Investment in Entropy Inc. and Carbon Credit Offtake Commitment

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Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) and Canada Growth Fund Inc. announce a $200 million strategic investment in Entropy Inc., a Calgary-based developer of carbon capture and sequestration projects. The investment includes a fixed-price carbon credit purchase agreement of up to one million tonnes per annum, representing a significant new investment in Canadian carbon markets.
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Brookfield and Everise Announce the Successful Closure of Investment by Warburg Pincus, for the Next Phase of Growth

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Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) and Everise announced the successful completion of Everise's investment from Warburg Pincus, valuing the company at around $1 billion. Everise, a leading global healthcare services outsourcing company, has rapidly evolved into one of the fastest-growing end-to-end customer experience solutions providers in the industry since its inception in 2016. The company is specialized in healthcare services outsourcing and has a workforce of 19,000 customer service agents spread out across eight markets, with six out of the top 10 healthcare insurance payer companies in the U.S. amongst its clients.
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EVERISE ANNOUNCES SUCCESSFUL CLOSURE OF INVESTMENT BY WARBURG PINCUS, JOINING BROOKFIELD FOR THE NEXT PHASE OF GROWTH

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Everise (Ticker: EVRSE) completes investment from Warburg Pincus, valuing the company at around $1 billion. The company has rapidly grown into one of the fastest-growing end-to-end customer experience solutions providers in the healthcare services outsourcing industry, with a workforce of 19,000 customer service agents spread out across eight markets. Everise plans to accelerate its growth trajectory with the support of Warburg Pincus and Brookfield, aiming to move up the healthcare value chain and expand its global footprint and workforce.
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Brookfield Raises Record $30 Billion For Flagship Infrastructure Strategy

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Brookfield Asset Management (BAM) announced the closing of its flagship global infrastructure equity fund, Brookfield Infrastructure Fund V (BIF V), raising $30 billion, exceeding the $25 billion target, and 40% larger than its predecessor. The majority of the capital was raised from a diverse group of approximately 200 limited partners, including public and private pension plans, sovereign wealth funds, financial institutions, endowments, foundations, and family offices. BIF V is expected to benefit from significant investment opportunities related to digitalization, decarbonization, and deglobalization, with a focus on high-quality assets critical to the global economy.
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Brookfield Launches Emerging Markets Transition Fund with Anchor Commitment from ALTÉRRA Alongside Investment in the Brookfield Global Transition Fund; Both Funds to Help Deploy Over $20 Billion in Climate Initiatives

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ALTÉRRA and Brookfield join forces to create a multi-billion dollar Catalytic Transition Fund with a focus on emerging and developing markets. ALTÉRRA commits up to US$1 billion from ALTÉRRA Transformation and an additional US$2 billion from ALTÉRRA Acceleration to invest in clean energy and transform businesses in carbon-intensive sectors. The Fund will be managed by Brookfield and will receive up to US$1 billion in catalytic capital from ALTÉRRA Transformation to enhance risk-adjusted returns for investors. Other investors like CDPQ and Temasek have also expressed interest in contributing commercial capital to the Fund.
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Brookfield Asset Management to Present at the Goldman Sachs U.S. Financial Services Conference

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Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) CEO Bruce Flatt to present at Goldman Sachs U.S. Financial Services Conference on December 6, 2023.
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Brookfield Expands its Operations in Germany with a New Frankfurt Office

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Brookfield Asset Management (Brookfield) reinforces its commitment to the German market with the opening of a new Frankfurt office. With over €25 billion of assets in critical sectors like digital infrastructure, residential decarbonization, student housing, logistics, and renewable power, Brookfield aims to be closer to its investors, portfolio companies, and investment opportunities in the German-speaking region.
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Brookfield Asset Management Announces Strong Third Quarter Results

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Brookfield Asset Management Ltd. raised $61 billion of capital year-to-date, with $26 billion raised in the third quarter. They closed their largest ever private equity strategy at $12 billion and had strong closes for their infrastructure flagship fund and infrastructure debt fund. They are on track to achieve their capital raising target of close to $150 billion. Net income for the quarter was $122 million. Distributable earnings were $568 million for the quarter and $2.2 billion over the last twelve months. Fee-related earnings increased by 8% compared to the prior year period. They deployed $18 billion of capital in the third quarter and have $102 billion of uncalled fund commitments.
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Brookfield Raises Record $6 Billion For Global Infrastructure Debt Investments

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Brookfield Asset Management has closed its global infrastructure debt program, Brookfield Infrastructure Debt Fund III (BID III), with capital commitments exceeding $6 billion. BID III is the world's largest private infrastructure debt fund and has received support from institutional partners. Brookfield has committed $600 million to the Fund, which has already deployed over 50% of its commitments.
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FAQ

What is the current stock price of Brookfield Asset Management Ltd. (BAM)?

The current stock price of Brookfield Asset Management Ltd. (BAM) is $55.47 as of November 22, 2024.

What is the market cap of Brookfield Asset Management Ltd. (BAM)?

The market cap of Brookfield Asset Management Ltd. (BAM) is approximately 23.3B.

What does Brookfield Asset Management specialize in?

Brookfield Asset Management specializes in alternative asset management services, investing in real assets and essential service businesses across sectors including renewable power, infrastructure, private equity, real estate, and credit.

How much does Brookfield Asset Management have in assets under management?

Brookfield Asset Management manages over $900 billion in assets.

Who are Brookfield Asset Management's primary investors?

Brookfield's primary investors include public and private pension plans, endowments, foundations, sovereign wealth funds, financial institutions, insurance companies, and private wealth investors.

What recent strategic initiatives has Brookfield Asset Management undertaken?

Recent initiatives include a Virtual Power Purchase Agreement with Zoetis Inc., the acquisition of a majority stake in Castlelake, and an additional 5% interest in Oaktree.

What is Brookfield's focus in terms of investment philosophy?

Brookfield focuses on long-term investments in real assets and essential service businesses, emphasizing value generation across economic cycles.

How much uncalled fund commitments does Brookfield Asset Management have?

As of December 31, 2023, Brookfield has $107 billion in uncalled fund commitments.

Does Brookfield Asset Management declare regular dividends?

Yes, Brookfield Asset Management declares regular dividends as part of its strategy to reward shareholders.

What is Brookfield's role in renewable energy?

Brookfield is a global leader in renewable power and decarbonization solutions, managing significant assets in wind, solar, and other renewable energy sources.

What major acquisitions has Brookfield recently completed?

Brookfield recently completed the acquisition of AEL through its reinsurance arm and a majority stake in Castlelake.

Where can I find more information about Brookfield Asset Management?

More information can be found on their website at https://bam.brookfield.com.

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Brookfield Asset Management Ltd.

NYSE:BAM

BAM Rankings

#497 Ranked by Market Cap
#1116 Ranked by Dividends

BAM Stock Data

23.32B
356.91M
14.15%
69.69%
1.9%
Asset Management
Financial Services
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