Brookfield Has $90 Billion for Deals After Fundraising Boom
- Firm expects to raise more for real estate, transition funds
- Parent Brookfield Corp. spun off asset manager in December
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Brookfield Asset Management Ltd.’s earnings rose in the fourth quarter as it wrapped up a record year of fundraising that has given the firm more than $90 billion to invest.
The Canadian alternative asset manager reported distributable earnings of $569 million, or 35 cents a share, up 6% from the prior year. It’s the first quarterly report for Brookfield Asset as a public company after it was spun out of parent Brookfield Corp. in December.