Changes for page Brookfield Asset Management

Last modified by Wilton Risenhoover on 2022/07/01 19:18

From version < 8.1 >

edited by Asif Farooqui
on 2021/09/27 17:06

To version < 8.2 >

edited by Asif Farooqui
on 2021/09/27 17:08

< >

Change comment: There is no comment for this version

Raw
Rendered

Summary

Page properties (1 modified, 0 added, 0 removed)

Details

Page properties

Content

@@ -219,7
+219,6 @@
  Oaktree is a global alternative asset manager with a diversified mix of opportunistic, value-oriented and risk-controlled investments across credit and other investment offerings.{{footnote}}https://www.brookfield.com/our-businesses/oaktree{{/footnote}}
--
  Oaktree’s experienced team of investment professionals, global platform and unifying investment philosophy—based on its six tenets of risk control, consistency, market inefficiency, specialization, bottom-up analysis and disavowal of market timing—have made it an acknowledged leader in credit investing.
@@ -229,72
+229,70 @@
  Together, Brookfield and Oaktree have $600 billion of assets under management and provide investors with one of the most comprehensive offerings of alternative investment products available today.
--Insurance Solutions
++== Insurance Solutions ==
--At Brookfield, the company provide capital efficient investment vehicles to its longstanding institutional insurance investors and the company deploy its own capital into the insurance sector through direct equity investments, reinsurance arrangements and hybrid solutions.
++At Brookfield, the company provide capital efficient investment vehicles to its longstanding institutional insurance investors and the company deploy its own capital into the insurance sector through direct equity investments, reinsurance arrangements and hybrid solutions.{{footnote}}https://www.brookfield.com/our-businesses/insurance-solutions{{/footnote}}
--[[https:~~/~~/www.brookfield.com/our-businesses/insurance-solutions>>url:https://www.brookfield.com/our-businesses/insurance-solutions]]
  The company's Insurance Solutions team is led by a group of experienced investment and insurance professionals. Leveraging its investment management capabilities across Brookfield and Oaktree, the company seek to match long-duration liabilities with portfolios of high-quality investments to generate attractive, risk-adjusted returns for it and its partners.
--Business Overview
++= Business Overview =
--The company's Asset Management activities encompass $312 billion of fee-bearing capital across a broad portfolio of real estate, infrastructure, renewable power, private equity and credit, and Brookfield Asset Management has approximately $33 billion of additional committed capital that will be fee-bearing when invested. This capital is managed within long-term private funds, perpetual strategies and public securities1 . Together with its investment in Oaktree, Brookfield Asset Management has approximately 2,000 unique institutional investors across its private funds business.
++The company's Asset Management activities encompass $312 billion of fee-bearing capital across a broad portfolio of real estate, infrastructure, renewable power, private equity and credit, and Brookfield Asset Management has approximately $33 billion of additional committed capital that will be fee-bearing when invested. This capital is managed within long-term private funds, perpetual strategies and public securities1 . Together with its investment in Oaktree, Brookfield Asset Management has approximately 2,000 unique institutional investors across its private funds business.{{footnote}}https://www.brookfield.com/sites/default/files/2021-05/BAM-2020AnnualReport.pdf{{/footnote}}
--[[https:~~/~~/www.brookfield.com/sites/default/files/2021-05/BAM-2020AnnualReport.pdf>>url:https://www.brookfield.com/sites/default/files/2021-05/BAM-2020AnnualReport.pdf]]
++[[image:BAM4.png]]
--<img segmental>
--Long-term Private Funds – $84 billion fee-bearing capital
++**Long-term Private Funds – $84 billion fee-bearing capital**
  The company manage and earn fees on a diverse range of real estate, renewable power, infrastructure, private equity and credit funds. These funds are long duration in nature and include closed-end value-add, credit and opportunistic strategies.
--Perpetual Strategies – $94 billion fee-bearing capital
++**Perpetual Strategies – $94 billion fee-bearing capital**
++
  The company manage perpetual capital in its publicly listed affiliates1 , as well as core and core plus private funds, which can continually raise new capital.
--Credit Strategies – $121 billion fee-bearing capital
++**Credit Strategies – $121 billion fee-bearing capital**
++
  The company hold an approximate 62% interest in Oaktree, which provides a diverse range of long-term private fund and perpetual strategies to its investor base. Similar to its long-term private funds, the company earn base management fees and carried interest on Oaktree’s fund capital.
--Public Securities – $13 billion fee-bearing capital
++**Public Securities – $13 billion fee-bearing capital**
++
  The company manage publicly listed funds and separately managed accounts, focused on fixed income and equity securities across real estate, infrastructure and natural resources. The company earn base management fees, which are based on committed capital and fund NAV, and performance income based on investment returns.
--Invested Capital
++**Invested Capital**
++
  Brookfield Asset Management has approximately $58 billion of invested capital on its balance sheet as a result of its history as an owner and operator of real assets. This capital provides attractive financial returns and important stability and flexibility to its asset management business.
--Global Reach
++== Global Reach ==
  The company operate in more than 30 countries on five continents around the world.
  The company's global reach allows it to diversify and identify a broad range of opportunities. Brookfield Asset Management is able to invest where capital is scarce, and its scale enables it to move quickly and pursue multiple opportunities across different markets. The company's global reach also allows it to operate its assets more effectively: the company believe that a strong on-the-ground presence is critical to operating successfully in many of its markets, and many of its businesses are truly local. Furthermore, the combination of its strong local presence and global reach allows it to bring global relationships and operating practices to bear across markets to enhance returns.
--<img map?
++[[image:BAM5.png]]
--Financial Highlights
++= Financial Highlights =
++
  Net income was $707 million in the year 2020, with a $134 million loss attributable to common shareholders ($0.12 per share) and the remaining income attributable to non-controlling interests.
  The $4.6 billion decrease in consolidated net income and the $2.9 billion decrease in net income attributable to common shareholders were primarily attributable to:
--.
++* valuation losses of $1.7 billion in its real estate business both on consolidated and equity accounted investment properties mostly within its retail properties;
++* an income tax expense of $837 million compared to $495 million in the prior year. The prior period benefited from the recognition of previously unrecognized tax losses; and
++* higher depreciation expense primarily as a result of recent acquisitions; partially offset by
++* contributions from acquisitions over the last twelve months.
--valuation losses of $1.7 billion in its real estate business both on consolidated and equity accounted investment properties mostly within its retail properties;
--an income tax expense of $837 million compared to $495 million in the prior year. The prior period benefited from the recognition of previously unrecognized tax losses; and
--
--higher depreciation expense primarily as a result of recent acquisitions; partially offset by
--
--contributions from acquisitions over the last twelve months.
--
--
  Revenues for the year were $62.8 billion, a decrease of $5.1 billion compared to 2019, primarily due to the impact of the global economic shutdown.
  Direct costs decreased by 10% or $5.3 billion compared to a 7% decrease in revenues. The decrease is primarily due to the aforementioned lower volumes at Greenergy and cost saving initiatives across a number of its businesses. These decreases were offset by higher direct costs related to recent acquisitions, net of dispositions, as well as incremental costs associated with organic growth initiatives at its operations.
@@ -306,16
+306,14 @@
  Income tax expense increased by $342 million primarily attributable to the absence of the prior year deferred income tax recovery of $475 million which relates to the recognition of deferred tax assets due to the projected utilization of net operating loss carryforwards.
++== Q2 2021 Result ==
--Q2 2021 Result
++August 12, 2021; Brookfield Asset Management Inc announced financial results for the quarter ended June 30, 2021.{{footnote}}https://bam.brookfield.com/sites/brookfield-ir/files/brookfield/bam/home/q2-2021-press-release.pdf{{/footnote}}
--August 12, 2021; Brookfield Asset Management Inc announced financial results for the quarter ended June 30, 2021.
--
--[[https:~~/~~/bam.brookfield.com/sites/brookfield-ir/files/brookfield/bam/home/q2-2021-press-release.pdf>>url:https://bam.brookfield.com/sites/brookfield-ir/files/brookfield/bam/home/q2-2021-press-release.pdf]]
--
  Nick Goodman, CFO of Brookfield, stated, “The company's business performed very well during the quarter, recording $1.2 billion of distributable earnings. Growth in its asset management franchise, steady returns on its principal investments and continued momentum on its capital recycling initiatives all contributed to the strong quarter. Subsequent to quarter end, the company held the first close of $9 billion for its fourth flagship real estate fund, and its $7 billion founders’ close for its Global Transition Fund, taking total fundraising since last quarter to $24 billion. The company expect the size of these two funds to exceed $30 billion before they close for capital.”
++
  Funds from operations (FFO) and net income in the quarter were strong at $1.6 billion and $2.4 billion, respectively, both very large increases over last year.
  The company's distributable earnings continue to show strong growth, recording $1.2 billion for the quarter, and $6.3 billion over the last twelve months, a 108% increase over the comparative period. The strong performance in the quarter is supported by a 49% increase in fee-related earnings, continued carried interest realizations, increased distributions from its principal investments, and disposition gains recognized on its principal investments.
@@ -331,17
+331,15 @@
  As at June 30, 2021, the company had $78 billion of capital available to deploy into new investments.
--Recent developments
++= Recent developments =
++**Brookfield Asset Management and Elion Partners Announce $1 Billion Strategic Partnership **{{footnote}}https://www.businesswire.com/news/home/20210923005245/en/{{/footnote}}
--Brookfield Asset Management and Elion Partners Announce $1 Billion Strategic Partnership
--
--[[https:~~/~~/www.businesswire.com/news/home/20210923005245/en/>>url:https://www.businesswire.com/news/home/20210923005245/en/]]
--
  September 23, 2021; Brookfield Asset Management (“Brookfield”) and Elion Partners (“Elion”), a vertically integrated industrial specialist and sponsor of institutional real estate vehicles, today announced a $1 billion strategic partnership expanding Brookfield’s Real Estate Secondaries’ logistics portfolio across core infill markets.
  Brookfield recapitalized Elion Logistics Park 55 (“ELP 55”), a Chicago master-planned industrial park with the potential to develop approximately $1 billion of industrial real estate. The project includes five existing Class A industrial assets totaling four million square feet that are 100% leased, as well as the potential to develop up to 15 million square feet of additional industrial properties going forward. The master-planned logistics park is located adjacent to the BNSF railway, offers numerous tenant amenities including essential travel and repair services, and benefits from tax increment financing. Park Madison Partners acted as the exclusive capital advisor for recapitalization.
++
  “Industrial logistics real estate continues to experience positive momentum, and now is the logical time to seek long-term capital,” said Juan DeAngulo, Managing Partner at Elion. “This partnership structure and Brookfield’s support will enable Elion to fulfill the long-term development plans for ELP 55.”
  “Brookfield Asset Management is excited about the partnership with Elion and the opportunity to gain exposure to high-quality industrial assets in supply-constrained markets with significant potential upside,” said Chris Reilly, Managing Partner at Brookfield.
@@ -350,9
+350,7 @@
  Brookfield, one of the world's largest investors in real estate with over $200 billion in AUM, launched its Real Estate Secondaries business a year ago. The strategy is focused on GP investors who are looking for flexibility and liquidity in managing their private market investments.
--About Elion Partners
++= References =
--References
--
  {{putFootnotes/}}

Applications

More applications

Recently Visited

Analysts

Photo	Name
	kayla hamelton
	Michael G
	Jeanpierre Pozo
	Robert Lakin
	Erich Richards
	Jason Adams
	Thomas Niel
	Md. Touhidul Islam
	Ajit Singh
	Buck Winston
	Asif Farooqui
	Wilton Risenhoover

View All

Recently Modified

This site is funded and maintained by Fintel.io

XWiki 12.2.1