Brookfield Defies Deal Gloom, Expects Record Inflows in 2023
- Firm sees fundraising accelerating in second half of year
- Fee-bearing capital rose to $440 billion at end of June
The headquarters of Network International Holdings in Dubai. Brookfield Asset Management Ltd. submitted a takeover proposal for the Middle Eastern credit card processor, part of a busy first half for deals for the Canadian firm.
Photographer: Christopher Pike/BloombergThis article is for subscribers only.
Brookfield Asset Management said it expects to raise $150 billion this year, bucking the slowdown in the alternative-asset sector.
The Canadian firm posted distributable earnings of $527 million in the second quarter, or 32 cents per share, up 3% from last year, according to a statement Wednesday. It made 28 cents a share on a net-income basis.