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Brookfield Asset Management Ltd. (BAM)
Pre-market:
- GlobeNewswire
Brookfield Asset Management Announces Strong First Quarter Results
Insurance Flows and Castlelake Add $75 Billion of AUM Since Quarter End $106 Billion of Dry Powder Available to Invest BROOKFIELD, NEWS, May 08, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) today announced financial results for the quarter ended March 31, 2024. Connor Teskey, President of Brookfield Asset Management stated, “We are off to a strong start in 2024 and are seeing accelerating momentum across our business as transaction activity picks up. We raised
- PR Newswire
Scout Clean Energy Closes $100 Million Equipment Supply Loan
Scout Clean Energy, a Colorado-based renewable energy developer, owner, and operator, is pleased to announce the closing of a $100 million equipment supply loan (ESL) with Rabobank. The facility will be used to fund Scout equipment down payments. Scout is a portfolio company managed by Brookfield Asset Management, a global leader of renewable power and decarbonization solutions.
- Reuters
Canada's Brookfield to invest $1.5 billion in private credit manager Castlelake
Private credit firms have become an increasingly popular source of capital for they do not face the tighter regulatory scrutiny as traditional lenders. This multi-trillion market has significant tailwinds that will help drive the growth of our $300 billion credit business over the next decade, Brookfield Credit CEO Craig Noble said in a statement. Brookfield will acquire a 51% stake in Castlelake's fee-related earnings (FRE) as part of the deal.
