Brookfield Asset Management: Valuation Requires Patience
Brookfield Asset Management delivers robust fee-related earnings growth, driven by infrastructure, credit, energy, real estate, and insurance capital management. BAM's fee-bearing capital reached $614 billion, with 87% long-term, and significant uncalled commitments and new mandates poised to drive future fee income. Private credit and insurance capital, including the Just Group mandate, are key growth catalysts, with $67 billion in uncalled commitments yet to generate fees.