Brookfield Asset Management Ltd - Ordinary Shares - Class A

Strong Financial Performance: Brookfield Asset Management reported impressive financial results for 2024, achieving fee-related earnings (FRE) of $2.5 billion, up 17% year-over-year, and distributable earnings (DE) of $2.4 billion, an 11% increase year-over-year. The firm raised a record $135 billion in capital throughout the year, including $29 billion in just the fourth quarter, showcasing robust demand for their asset classes.

Positive Outlook for 2025: Management expects continued organic fundraising growth in 2025, predicting it will exceed the $87 billion raised in 2024. Key drivers include the launch of flagship funds, a significant interest in complementary strategies, and anticipated stronger performance in their insurance and private wealth channels, driven by the increasing demand for alternative investments.

Investment and Monetization Opportunities: The firm noted favorable conditions for both capital deployment and asset monetization in the current market—highlighting a strong liquidity environment that favors high-quality real assets. They expect these conditions to persist throughout 2025, presenting Brookfield with opportunities to capitalize on both deployment and potential asset sales.