Bullboard - Stock Discussion Forum Brookfield Asset Management Voting Ord Shs Class A T.BN.P.E

Primary Symbol: T.BAM Alternate Symbol(s): T.BN.P.H | T.BN.P.I | BKAMF | BKFDF | T.BN.P.J | BRCFF | T.BN.P.K | BROXF | T.BN.P.A | BAM | T.BN.P.L | T.BN.P.B | T.BN.P.M | T.BN.P.C | BAMGF | T.BN.P.N | BRPSF | T.BN.P.D | BAMKF | BKFOF | T.BN.P.R | BKFPF | T.BN.P.T | BRFPF | T.BN.P.F | T.BN.P.X | T.BN.P.G | BXDIF | T.BN.P.Z | BKFAF

Brookfield Asset Management Ltd. is primarily engaged in providing alternative asset management services. The Company provides its services through an ownership interest in an alternative asset management business, which is carried on by Brookfield Asset Management Inc. (Brookfield) and its subsidiaries. Its products have three categories, which include long-term private funds, perpetual... see more

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TSX:BAM - Post Discussion

Brookfield Asset Management Voting Ord Shs Class A > to Enter into Strategic Partnership T.BAM

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Post by Betteryear2 on May 06, 2024 1:34pm

to Enter into Strategic Partnership T.BAM

BROOKFIELD NEWS, May 06, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management (NYSE: BAM, TSX: BAM) (“Brookfield”) and Castlelake L.P. (“Castlelake”), an alternatives asset manager specializing in asset-based private credit including aviation and specialty finance, today announced that they have entered into an agreement whereby Brookfield will acquire a 51% stake in Castlelake’s fee-related earnings. The amount of capital to be invested will be approximately $1.5 billion, including capital to be invested in Castlelake’s investment strategies by Brookfield Reinsurance. The partnership will allow Castlelake and Brookfield to collaborate and expand Castlelake’s differentiated asset-based investment business.

Brookfield Asset Management and Castlelake to Enter into (globenewswire.com)

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