Anyone heard of this company?
Parent: Brookfield Asset Management Inc
Ticker: BAM
Subs: Brookfield Infrastructure Partners, etc
How do you classify or view this company?
It is not traditional "asset" management company i.e. Janus, Fidelity etc, it seems more like a private equity, but I am not certain. Can anyone comment on their business strategy, and what are companies similar to this company? Blackstone (maybe).
Is this similar to a Canadian income trust type company?
Do they actively raise capital similar to a private equity, or use current share holder wealth like a traditional public company.
Thanks
I don't know them, but my buddy "Google" did so I asked him. He said that "Brookfield Asset Management Inc. is a global asset manager focused on property, renewable power and infrastructure assets with over $100 billion of assets under management."
Wow dude Thanks!
But like my question says what is their business model, is it a Private equity structure or is it like a Canadian Income trust, structured for tax purposes, and how do they raise capital?
This term “asset management” has very different meaning when it comes to physical assets and the operating model.
Good name among Infrastructure funds. Has some interesting assets in LatAm.
Brookfield Asset Management Inc. is a publicly owned asset management holding company with approximately $50 billion in assets under management. Through its subsidiaries the firm invests in the property, power, and infrastructure sectors. Its property business include owning and managing office properties, developing master planned residential communities, and offering clients bridge and mezzanine lending; alternative assets funds; and financial and advisory services. Through its power generation business the firm operates hydroelectric power facilities, interconnections and transmission facilities in Northeast North America, and development of wind power in Canada. Through its funds and private capital business the firm invests in specialty funds including private equity and makes direct investments in real estate, energy, and resource assets. It also makes investments in privately held investment management and equity and fixed income mutual funds. The firm was formerly known as Brascan Corp. Brookfield Asset Management is based in Calgary, Alberta with additional offices in London, and New York City.
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