Thu, Oct 17, 2019
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Brookfield aims to raise another $10bn to acquire out-of-favor assets

Thursday, May 07, 2015

Komfie Manalo, Opalesque Asia:

Brookfield Asset Management, Canada’s largest alternative asset manager, is planning to raise another $10bn this year to "acquire assets in out-of-favor markets, or assets which have been burdened with too much financial leverage," reported Bloomberg. This is after a $15bn spending spree in the last 12 months.

Brookfield has already started raising $11bn for private funds this year, bringing the money the company intends to raise this year and early 2016 to $21bn. In the first quarter alone, Brookfield committed $3bn in new investments, including oil and gas businesses in Australia, wind facilities in Portugal and U.S. multifamily apartments.

Brian D. Lawson, CFO and Senior Managing Partner at Brookfield, said at the firm’s recent annual meeting, "The majority of our businesses are off to a strong start this year. Funds from operations for the first quarter of 2015 were $557 million, that's up 14% from last year. And the increase reflects growth in our asset management platform and disposition gains, offset by a reduced contribution from our renewable energy business relative to the particularly strong results in that business during th......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Tech: Quantum computing may be closer than expected with 'game changer' discovery[more]

    From Inverse: While quantum computing has long been an exciting notion for scientists and the public alike, the realization of these technologists has long been on hold. But researchers from the Johns Hopkins University have discovered a material that might just fast-track the creation of these, unt

  2. PE/VC: Private-equity deals depress worker wages, study finds, Thoma Bravo to buy Sophos for $3.9bn, Unicorn valuations are fit to burst, warn investors[more]

    Private-equity deals depress worker wages, study finds From Market Watch: Private-equity deals result in worse pay for workers, and, depending on whether the buyout target was public or not, fewer jobs, according to a newly published study. The study of some 6,000 private-equity de

  3. Tech: When AI invests in AI[more]

    From Forbes: The title of this article might sound farfetched to many readers, but keen students of artificial intelligence (AI) know that this is no longer very far away. Since the advent of computers, capital markets have always been at the forefront of technology. Yes, that's right. You may be wo

  4. These hedge funds do better. So why can't they raise more money?[more]

    From Institutional Investor: It's an enduring paradox: hedge funds run by women and minorities outperform their peers - but run less money. Evidence continues to mount that the money investors allocate to minority- and women-controlled hedge funds stands a better than even chance of outperformi

  5. Institutional investors in Canada, U.S., and the U.K are warming to responsible investing, says a survey[more]

    Laxman Pai, Opalesque Asia: The use of environmental, social and governance (ESG) principles by institutional investors in Canada, the US, and the UK is rising according to a new survey. RBC Global Asset Management (RBC GAM)'s annual survey on responsible investing trends found that more