09:26:38 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Brookfield Asset Management Inc
Symbol BAM
Shares Issued 986,983,551
Close 2016-05-13 C$ 42.92
Market Cap C$ 42,361,334,009
Recent Sedar Documents

Globe says Brookfield Asset hikes war chest to $25B

2016-05-16 08:47 ET - In the News

The Globe and Mail reports in its Saturday edition that Brookfield Asset Management has raised $25-billion for its funds over the past 12 months. A Bloomberg dispatch to The Globe says that assets under management rose 16 per cent from a year earlier to $240-billion. Brookfield received commitments from 300 institutional investors and sovereign fund partners for its three flagship funds, and expects another 50 or more before final close. Brookfield closed its $9-billion global real estate fund, raised $12-billion in the first close of its infrastructure fund, which has a hard cap of $14-billion, and raised $3.5-billion for its private equity fund. The company continues to find uses for the funds, spending $18-billion over the past 12 months. Those acquisitions include a self-storage business with 108 properties, office buildings in London, Sydney, Boston and Washington, and multifamily projects in Texas and California. It closed the purchase of a Colombian power generation operation and wind farms in Brazil. During the quarter, Brookfield agreed to purchase Australian ports and rail company Asciano Ltd. with its partners for $9-billion (Australian). Brookfield closed Friday at $42.92, down 49 cents.

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