Brookfield Asset Management Voting Ord Shs Class A T.BN.PF.I

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

Financial Services Asset Management

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 strategies and liquid strategies. The Company's wholly owned subsidiaries include 2451634 Alberta Inc. and Brookfield UK Employee Co Limited. Brookfield is a global alternative asset manager with assets under management across real estate, infrastructure, renewable power and transition, private equity and credit. Brookfield offers a range of alternative investment products to investors around the world, including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.

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Brookfield Asset Management Voting Ord Shs Class A

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Post by retiredcfon Jul 16, 2021 8:32am

824 Views

Post# 33558273

TD

This is a flash report so they might raise their current target of US$63.00. GLTA

Brookfield Asset Management Inc.

(BAM-N, BAM.A-T) US$50.43 | C$63.55

Oaktree to Transition Advisory Role of Private REIT to BAM Event

BAM and Oaktree announced that they have reached an agreement to transition the advisory role of Oaktree REIT to BAM. Following the transition, the name will become Brookfield REIT.

Impact: SLIGHTLY POSITIVE

We believe that the addition of a private REIT is a logical extension of BAM's asset management franchise. Private REITs are a product category that has shown good demand from the wealth channel for some of BAM's alternative asset management peers and BAM can bring considerable expertise and global scale to bear on the strategy.
Brookfield REIT will be distributed by Brookfield Oaktree Wealth Solutions, a global wealth management platform established to distribute alternative investment products to individual and high-net-worth investors. We understand that the wealth channel currently accounts for ~10% of BAM's fundraising.
Following the transition, which is expected in Q4/21, the REIT's investment strategy will stay largely the same, but will include exposure to certain non- U.S. markets where BAM has existing operations. Oaktree will continue to manage certain of the REIT's assets and its liquid securities portfolio, and the REIT's current President will transition to BAM to serve as President and COO of Brookfield REIT.
Oaktree REIT has $478mm of AUM, and invests in income-producing private real estate and real-estate-related debt. As of May 2021, the portfolio was focused on the multi-family and office sectors.