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Brookfield Asset Management company logo
Private Equity
FINANCE | Asset/Financial Management
brookfield.com

Investments

64

Portfolio Exits

18

Funds

21

Partners & Customers

10

About Brookfield Asset Management

Brookfield Asset Management (NYSE: BAM) is a global alternative asset manager. It owns and operates assets with a focus on property, renewable energy, infrastructure, and private equity. The company was founded in 2000 and is based in Toronto, Canada.

Headquarters Location

181 Bay Street Brookfield Place, Suite 300

Toronto, Ontario, M5J 2T3,

Canada

416-363-9491

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Latest Brookfield Asset Management News

Markets wrap: Aviation dominates both on and off the sharemarket

Jun 8, 2023

Markets wrap: Aviation dominates both on and off the sharemarket Aviation news was the topic of the day, only some of it on the sharemarket as politics swirled around Auckland International Airport shares. In sharemarket news on Thursday, Air New Zealand upgraded its profit forecast and Auckland International Airport flagged higher aeronautical charges. Outside of the bourse, Michael Wood, the MP for Mt Roskill and a Cabinet Minister, said he had sold his Auckland Airport shares that have been a source of controversy and which led to him being stood down as transport minister. Wood owned just over 1500 shares (worth an estimated $13,000) in the airport company that he bought as a teen. He had been approached 12 times by the Cabinet Office since November 2020 wanting confirmation that he had divested the shareholding. On Thursday, he said he had made a serious error and confirmed: “As of today, I have taken action on that in selling the shares.” The sale of Auckland Airport shares was also the centre of attention in local government politics as Auckland Council met to vote on the annual budget, including a proposal from Mayor Wayne Brown to sell the council’s stake in the airport to repay debt. As the meeting progressed, Brown suggested a compromise option of partially selling the stake, which would see it exit 8.09% of its 18.09% stake. Anna Whyte/Stuff Suspended transport minister Michael Wood says he asked his new stock broker to sell his Auckland Airport shares on Wednesday morning. Auckland International Airport slipped 0.06% to $8.58 after it announced increases to its aeronautical charges paid by airlines for the next five years, taking effect from July 1. Airport chief executive Carrie Hurihanganui said the new charges would fund part of the much-needed investment in infrastructure that is underway at the airport. But airlines said the cost the development would flow through to higher airfares. Air New Zealand and Qantas Airways said they had provided the airport with analysis of how the increases would impact their networks, showing the cost of the redevelopment would increase airport charges to the point that air travel may become unaffordable for a significant number of travellers. Hurihanganui said Auckland Airport’s aeronautical charges would be rising from a low base and made up a small portion of an airline ticket. She said the ongoing recovery in aviation was strong and there was a need to invest in critical aviation infrastructure for the future. Air New Zealand gained 1.3% to 78 cents after raising its annual profit forecast for a second time in just a few months.The stock has gained 23% over the past year. The national airline said it expects profit before tax and one-time items of at least $580 million in the year to the end of June as it benefits from strong demand for travel and weaker jet fuel prices. The latest guidance is ahead of the airline’s April forecast for profit of $510m to $560m, and its initial February forecast of $450m to $530m, and would mark a turnaround from a pre-tax loss of $725m last year. “Since the previous update, the airline has experienced stronger ongoing demand than usually observed at this time of the year, which is typically considered the airline’s off-peak period,” the company said in a statement. “In addition to this, US dollar jet fuel prices have declined even further and have been consistently below those assumed in the earnings guidance provided in April.” Air New Zealand is in recovery after being hard hit during the pandemic as international borders closed to travellers. Still, the company said it was “mindful” that it was facing an uncertain economic environment next financial year. The benchmark S&P/NZX 50 Index slid 0.4%, or 43.406 points, to 11,715.74. On the broader market 43 stocks rose and 81 fell with $162m shares traded. Infratil fell 2.5% to $9.85 after coming off a trading halt. On Wednesday , Infratil said it had agreed to buy the remaining half stake in telco One New Zealand from its partner Brookfield Asset Management for $1.8 billion. The investment company’s shares were halted while it arranged the sale of 81.5 million new shares to help fund the purchase. The company’s shares resumed trading on Thursday after it said it had successfully raised $750m selling stock at $9.20 a share, which is an 8.9% discount to the last NZX closing price on Tuesday. Infratil chief executive Jason Boyes said he was very pleased with the strong level of support. The new shares are expected to start trading on June 14. The company plans to offer $100m of shares to retail investors on June 13. Forestry prices, which rose to record highs around this time in 2021, are now looking much more subdued and are unlikely to recover this year, according to ASB’s rural quarterly report. ASB economist Nat Keall notes the forestry sector is by far the most dependent on the Chinese market, so has suffered the most from the Chinese slowdown. Some 60% of New Zealand’s forestry exports are China-bound, compared with about 40% of dairy and meat exports, and only 20% of horticulture exports. While some exporters will be hopeful that a strengthening Chinese property market will boost demand, Keall said any price gains were likely to be modest as China’s recovery is expected to be consumption rather than investment led. Keall also sees little hope of support from the domestic market. “While the strong near-term pipeline of building work has kept construction activity looking pretty resilient up until this point, comparatively high interest rates and cooling house prices are increasingly weighing, with business surveys showing construction expectations are deeply in the red,” he said. That dynamic is set to remain a feature over the remainder of 2023 and the beginning of 2024, he said. “The housing market will turn eventually, but probably not until next year,” he said.

Brookfield Asset Management Investments

64 Investments

Brookfield Asset Management has made 64 investments. Their latest investment was in PosiGen as part of their Debt - II on May 5, 2023.

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Brookfield Asset Management Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/15/2023

Debt - II

PosiGen

$250M

Yes

1

4/10/2023

Private Equity

Avaada

$400M

Yes

2

3/10/2023

Line of Credit

ClearPath Energy

Yes

1

1/4/2023

Series D - II

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$99M

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10

10/21/2022

PIPE - II

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$99M

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10

Date

5/15/2023

4/10/2023

3/10/2023

1/4/2023

10/21/2022

Round

Debt - II

Private Equity

Line of Credit

Series D - II

PIPE - II

Company

PosiGen

Avaada

ClearPath Energy

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Amount

$250M

$400M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

2

1

10

10

Brookfield Asset Management Portfolio Exits

18 Portfolio Exits

Brookfield Asset Management has 18 portfolio exits. Their latest portfolio exit was LanzaTech on February 09, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/9/2023

Reverse Merger

$99M

4

1/6/2023

Take Private

$99M

1

5/5/2022

Acquired

$99M

8

6/28/2021

IPO

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$99M

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0

6/27/2021

Spinoff / Spinout

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$99M

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10

Date

2/9/2023

1/6/2023

5/5/2022

6/28/2021

6/27/2021

Exit

Reverse Merger

Take Private

Acquired

IPO

Spinoff / Spinout

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

4

1

8

0

10

Brookfield Asset Management Acquisitions

55 Acquisitions

Brookfield Asset Management acquired 55 companies. Their latest acquisition was CleanMax on April 24, 2023.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/24/2023

Debt

$99M

Acq - Fin - II

2

4/12/2023

$99M

Acq - Pending

1

3/27/2023

$99M

Acq - Pending

4

3/21/2023

Private Equity

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$99M

$99M

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10

1/30/2023

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$99M

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10

Date

4/24/2023

4/12/2023

3/27/2023

3/21/2023

1/30/2023

Investment Stage

Debt

Private Equity

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

Note

Acq - Fin - II

Acq - Pending

Acq - Pending

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Sources

2

1

4

10

10

Brookfield Asset Management Fund History

21 Fund Histories

Brookfield Asset Management has 21 funds, including Brookfield Strategic Real Estate Partners IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

2/17/2023

Brookfield Strategic Real Estate Partners IV

$17,000M

2

2/13/2023

Brookfield Infrastructure Fund V

$22,000M

2

6/22/2022

Brookfield Global Transition Fund

$15,000M

2

12/17/2021

Brookfield Real Estate Finance Fund VI

$99M

10

11/9/2021

Brookfield Technology Partners II

$99M

10

Closing Date

2/17/2023

2/13/2023

6/22/2022

12/17/2021

11/9/2021

Fund

Brookfield Strategic Real Estate Partners IV

Brookfield Infrastructure Fund V

Brookfield Global Transition Fund

Brookfield Real Estate Finance Fund VI

Brookfield Technology Partners II

Fund Type

Status

Amount

$17,000M

$22,000M

$15,000M

$99M

$99M

Sources

2

2

2

10

10

Brookfield Asset Management Partners & Customers

10 Partners and customers

Brookfield Asset Management has 10 strategic partners and customers. Brookfield Asset Management recently partnered with Bharti Enterprises on May 5, 2023.

Date

Type

Business Partner

Country

News Snippet

Sources

5/1/2023

Partner

India

Brookfield completes deal to pick 51pc stake in Bharti Enterprises' 4 commercial properties

In a statement , Bharti Enterprises and Brookfield Asset Management on Monday announced the successful closure of their joint venture agreement for a 3.3 million square feet portfolio of commercial properties primarily located in the Delhi-NCR region .

9

4/27/2023

Partner

United States

Shoals Technologies Group, Inc. and Brookfield Renewable Announce Strategic Partnership to Launch Charging-as-a-Service Solution

PORTLAND , Tenn. , April 27 , 2023 -- Shoals Technologies Group , Inc. and Brookfield Renewable today announced a strategic partnership to introduce an innovative Charging-as-a-Service solution for electric vehicle charging infrastructure .

1

11/30/2022

Vendor

United States

Brookfield Asset Management Selects AWS to Enhance Its Renewable Energy Operations

`` Our partnership with Amazon Web Services , Inc. is a tremendously exciting example of companies working together to reach net zero , '' said Ruth Kent , chief operating officer at Brookfield Renewable Partners L.P. .

4

6/21/2022

Partner

France

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10

5/18/2022

Partner

France

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10

Date

5/1/2023

4/27/2023

11/30/2022

6/21/2022

5/18/2022

Type

Partner

Partner

Vendor

Partner

Partner

Business Partner

Country

India

United States

United States

France

France

News Snippet

Brookfield completes deal to pick 51pc stake in Bharti Enterprises' 4 commercial properties

In a statement , Bharti Enterprises and Brookfield Asset Management on Monday announced the successful closure of their joint venture agreement for a 3.3 million square feet portfolio of commercial properties primarily located in the Delhi-NCR region .

Shoals Technologies Group, Inc. and Brookfield Renewable Announce Strategic Partnership to Launch Charging-as-a-Service Solution

PORTLAND , Tenn. , April 27 , 2023 -- Shoals Technologies Group , Inc. and Brookfield Renewable today announced a strategic partnership to introduce an innovative Charging-as-a-Service solution for electric vehicle charging infrastructure .

Brookfield Asset Management Selects AWS to Enhance Its Renewable Energy Operations

`` Our partnership with Amazon Web Services , Inc. is a tremendously exciting example of companies working together to reach net zero , '' said Ruth Kent , chief operating officer at Brookfield Renewable Partners L.P. .

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Sources

9

1

4

10

10

Brookfield Asset Management Team

19 Team Members

Brookfield Asset Management has 19 team members, including current Managing Partner, Len Chersky.

Name

Work History

Title

Status

Len Chersky

Managing Partner

Current

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Name

Len Chersky

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Work History

Title

Managing Partner

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Status

Current

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