It maintains an Average Parent rating.
BPSG stands as the public securities arm of Brookfield Asset Management, the alternative investments giant that was spun out from now majority-owner Brookfield Corporation over 2022. BPSG's history delivering real estate, infrastructure, and real assets strategies dates to 1989, and the firm managed USD 21.7 billion in assets as of December 2022. Though its off-the-shelf mutual fund offerings have struggled to gain steady traction, they're foundational to the group's growing customized mandate business, including an expanding set of separately managed accounts that includes sustainability-focused offerings.
Turnover headlines this firm's recent history. From 2020 through the end of 2022, BPSG's investment team lost numerous portfolio managers and analysts, including longtime real estate manager Jason Baine in April 2022, while seeing a flurry of new hires over the same period. CIO Paula Horn joined the firm in October 2021, allowing David Levi to focus solely on his CEO duties. Horn has sought to curb turnover by expanding management opportunities and by involving herself more closely with the investment team. These efforts, however, require time to play out.