Welcome to our dedicated news page for Brookfield Asset Management Ltd. (Ticker: BAM), a resource for investors and traders seeking the latest updates and insights on Brookfield Asset Management Ltd..
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Brookfield Asset Management Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Brookfield Asset Management Ltd.'s position in the market.
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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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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 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 (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 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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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 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 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 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 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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Brookfield Asset Management Ltd.
NYSE:BAM
BAM Rankings
BAM Stock Data
14.85B
360.31M
15.09%
68.68%
4.1%
Portfolio Management
Finance and Insurance
United States of America
Toronto