Brookfield’s Credit Arm Is Now Its Largest Source of Assets
- Credit group collected $20 billion of capital, led by Oaktree
- Total fee-bearing capital was $539 billion, up 18% in a year
Bruce Flatt, chief executive officer of Brookfield Asset Management.
Photographer: Tolga Akmen/EPA/Bloomberg
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Brookfield Asset Management raised $29 billion in the fourth quarter, most of it through its credit business, which has become its largest driver of growth.
Distributable earnings climbed 11% from a year earlier to $649 million, the firm said in a statement Wednesday. That amounted to 40 cents per share, slightly above the 39-cent average estimate of analysts surveyed by Bloomberg.