Welcome to our dedicated page for Brookfield Asst news (Ticker: BAM), a resource for investors and traders seeking the latest updates and insights on Brookfield Asst stock.
Brookfield Asset Management (BAM) generates news across multiple investment sectors including alternative assets, infrastructure development, renewable energy projects, and strategic acquisitions. As one of the world's largest alternative asset managers, the company's activities span global markets and influence institutional investment trends. This news feed tracks material developments including fund launches, major acquisitions, capital raises, and investment platform expansions.
The company's news flow typically includes announcements of new perpetual funds and closed-end vehicles targeting specific asset classes, acquisitions of infrastructure assets like utilities and transport systems, real estate portfolio transactions, renewable energy project developments, and strategic partnerships with institutional investors and sovereign wealth funds. Brookfield's size and diversification mean developments in any of its five core platforms—real estate, infrastructure, renewable power, private equity, or credit—generate market-relevant news for alternative investment professionals.
For investors tracking BAM, this page provides coverage of corporate developments affecting the asset management business itself, including capital formation milestones, performance disclosures for major funds, and structural changes to investment platforms. The news feed also captures material events filed through regulatory channels, insider transactions by executives and directors, and strategic initiatives that signal shifts in investment focus or geographic expansion. Understanding these developments helps investors assess the company's capital raising momentum, investment deployment pace, and competitive positioning within the alternatives industry.
Bookmark this page to track how Brookfield's investment activities, fund performance, and strategic direction evolve. The alternatives industry moves quickly, with capital flows responding to interest rate environments, infrastructure needs, and institutional allocation decisions—staying informed helps you understand how these macro factors affect Brookfield's business and investment opportunities.
Orthopedic Care Partners (OCP) has appointed Dr. Tim Corvino as CEO and secured significant financing, including a $185 million strategic investment from Brookfield Asset Management and a $358 million senior debt refinancing led by TPG Twin Brook Capital Partners. The refinancing extends and reduces the interest rate on existing credit facilities while providing additional revolving credit and delayed draw term loan options.
OCP, backed by Varsity Healthcare Partners, operates across five states with 136 physicians, 42 clinical locations, and six ambulatory surgery centers. Dr. Corvino, formerly CEO of Spire Orthopedic Partners and COO of Covenant Physician Partners, will lead the company's expansion into new markets and focus on enhancing patient care.
Brookfield Asset Management, managing over $1 trillion in assets, has opened a new office hub in Paris to strengthen its French market presence. The company, which has been investing in France since 2015, employs over 7,000 people through its operations spanning digital infrastructure, renewable energy, and real estate sectors.
A significant development includes Brookfield's planned acquisition of a 53% stake in Neoen, a Paris-based renewable energy leader, with a total equity value of €6.1 billion. The transaction's first stage is expected to close this year, followed by a tender offer for remaining shares in early 2025.
Brookfield's French portfolio includes investments in Data4 (data centers), HomesServe (residential decarbonization), Castignac (logistics), UXCO Group (student housing), Experimental Group (hospitality), and TDF (communication towers). The company manages approximately €180 billion of assets across Europe.
Brookfield Asset Management (NYSE: BAM, TSX: BAM) has announced that CEO Bruce Flatt will present at the Goldman Sachs US Financial Services Conference on Wednesday, December 11, 2024, at 10:40 a.m. ET. The presentation will be accessible through a live webcast, with the link available in the 'Events' section of Brookfield's investor relations website at www.bam.brookfield.com.
Brookfield Asset Management (NYSE: BAM, TSX: BAM) announced a delay in its special shareholder meeting, originally scheduled for December 20, 2024, due to a Canadian postal strike preventing the mailing of meeting materials. The company is working with regulators to meet requirements and maintains its goal of closing the previously announced arrangement in Q1 2025. The record date for shareholder voting eligibility remains November 12, 2024. The new meeting date will be announced via SEDAR+ and EDGAR, along with detailed information in the upcoming information circular.
Brookfield Asset Management (BAM) reported record third quarter results with fee-related earnings up 14% year-over-year to $644 million. The company's fee-bearing capital grew 23% to $539 billion, driven by $101 billion in fundraising and $25 billion of capital deployment over the last twelve months. In Q3 2024, BAM raised $21 billion across various sectors, with notable contributions from credit ($14 billion), renewable power ($2.2 billion), and infrastructure ($1.4 billion). The company deployed approximately $20 billion and monetized over $17 billion in investments. Net income for BAM totaled $129 million for the quarter, and the board declared a quarterly dividend of $0.38 per share.
Brookfield Asset Management (BAM) announced significant corporate structure changes, including moving its head office to New York and plans to acquire Brookfield 's (BN) 73% interest in the asset management business. The restructuring aims to simplify BAM's corporate structure and enhance its potential for broader equity index inclusion. Under the arrangement, BAM's market capitalization would reflect the total value of the asset management business, potentially increasing from current $23 billion to approximately $85 billion. Shareholders will vote on this arrangement on December 20, 2024, with expected closure in early 2025 subject to approvals.
Fundamental Income Properties, a Phoenix-based net lease real estate company, has closed a $241.0 million long-term fixed-rate note issuance, designated as Fundamental Income Net-Lease Mortgage Notes, Series 2024-1. This marks the company's third note issuance under its FI Master Trust program and its first to achieve a 'AAA' rating from Standard & Poor's (S&P) on the senior class of notes.
The issuance comprises three classes of 5-year notes: $144.6 million of Class A-1 notes rated 'AAA', $72.3 million of Class A-2 notes rated 'AA', and $24.1 million of Class A-3 notes rated 'A'. Additionally, S&P upgraded $178.6 million of outstanding A-1 'AA' notes from the Series 2023-1 to 'AAA'.
This successful offering reflects investor confidence in Fundamental Income, which has acquired and financed over $1.6 billion of single-tenant properties across 43 states and 51 industries since 2020.
Brookfield Asset Management (NYSE: BAM, TSX: BAM) has announced its upcoming third quarter 2024 conference call and webcast, scheduled for Monday, November 4, 2024, at 10:00 a.m. (ET). The company will release its results prior to 7:00 a.m. (ET) on the same day, which will be available on their website. Participants can join via conference call or webcast, with pre-registration required for the call.
Brookfield Asset Management is a leading global alternative asset manager with approximately $1 trillion of assets under management. The company focuses on real assets and essential service businesses across sectors such as renewable power and transition, infrastructure, private equity, real estate, and credit. They offer investment products to a diverse range of institutional and private investors globally.
Brookfield Oaktree Wealth Solutions has released findings from 'The Alts Institute' Alternative Investing Survey, revealing strong demand for alternative investments among high-net-worth (HNW) investors and financial advisors. The survey, conducted by CoreData, focused on HNW investors with at least $2.5 million in investable assets and advisors managing an average of $633 million.
Key findings include:
- 88% of current alternative investment users are open to increasing their allocation
- 72% of non-users would consider alternatives with better understanding
- 70% would invest in alternatives if recommended by their advisor
- 91% of advisors believe building knowledge in alternatives is worthwhile
- 41% of HNW investors have considered changing advisors to access high-quality alternatives
The survey highlights the growing importance of alternative investments in portfolio construction and client satisfaction, with advisors recognizing their potential to drive business growth and enhance client conversations.
CDPQ, a global investment group, has announced an agreement with Brookfield Asset Management (NYSE: BAM) and its partners to acquire a 25% stake in First Hydro Company, a critical electricity generation and storage facility in the United Kingdom. First Hydro operates two power plants in Wales, offering a capacity of over 2,000 MW, representing 76% of the UK's total pumped hydro storage. This infrastructure is important for the country's increasing grid flexibility and stability needs.
The investment marks CDPQ's first venture into pumped hydro storage, partnering with Engie, which owns the remaining 75%. Emmanuel Jaclot, CDPQ's Executive VP and Head of Infrastructure, highlighted First Hydro's critical role in managing the UK's national electricity system and meeting net zero commitments. The financial close is expected by the end of 2024, subject to customary conditions and approvals.
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