Brookfield Calls Credit Turmoil ‘Isolated,’ Posts Record Profit

Brookfield Asset Management said its third-quarter earnings reached an all-time high amid record fundraising and deployment of capital, particularly within its infrastructure, transition and credit businesses.

Distributable earnings rose around 7% to $661 million, or 41 cents per share, matching the average analyst estimate, according to data compiled by Bloomberg. The firm’s fee-bearing capital climbed 8% to $581 billion during the three-month period.