Brookfield asset management draws in 19 bln in fresh capital
Brookfield Asset Management Ltd. said Wednesday it's raised $19 billion in fresh capital in 2023 and issued a forecast of "another strong year in fundraising." The Canadian asset manager said it is nearing a final close on its fifth flagship infrastructure fund with $24 billion raised thus far. Its sixth flagship private equity fund has drawn in $9 billion. Brookfield said its first-quarter profit fell to $516 million, or 32 cents a share, from $723 million, or 21 cents a share, in the year-ago quarter. Distributable earnings per share rose to 34 cents from 30 cents, ahead of the analyst estimate of 33 cents a share, according to FactSet data. Brookfield Asset Management stock is up 16% in 2023.
-Steve Gelsi
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
05-10-23 0756ET
Copyright (c) 2023 Dow Jones & Company, Inc.-
After Earnings, Is Berkshire Hathaway Stock a Buy, a Sell, or Fairly Valued?
-
For Bond Investors, Delayed Rate Cuts Demand a Different Playbook
-
What’s Happening In the Markets This Week
-
How the Tokyo Stock Exchange Is Pushing for Better Shareholder Returns
-
Magnificent 7 Stocks Earnings Updates: AI Remains the Focus
-
Where We See Opportunities After an Ugly Month for Stocks
-
After Earnings, Is Alphabet Stock a Buy, a Sell, or Fairly Valued?
-
When Will the Fed Start Cutting Interest Rates?
-
Berkshire Hathaway Earnings: Strong Insurance Results Continue to Lift Revenue and Profitability
-
10 Questions for Berkshire Hathaway’s 2024 Annual Meeting
-
After Earnings, Is Ford Stock a Buy, a Sell, or Fairly Valued?
-
3 Dividend Stocks for May 2024
-
Amgen Earnings: Obesity Drug Update Is Highly Encouraging
-
What’s Going on With Apple, Tesla, and Alphabet?
-
Apple Earnings: A Weak 2024, but Optimism for 2025
-
4 Utility Stocks to Play the AI Data Center Boom