scorecardresearchBrookfield Gathers $125 Billion War Chest as CEO Sees Recession

Brookfield Gathers $125 Billion War Chest as CEO Sees Recession

Updated: 10 Nov 2022, 08:22 PM IST
TL;DR.
Brookfield Asset Management Inc.’s earnings declined as volatile markets weighed on valuations of private assets, but the firm says it’s still on track for its biggest year of fundraising ever.
Mark Carney, vice chair and head of transition investing for Brookfield Asset Management Inc., speaks during the Global Financial Leaders� Investment Summit in Hong Kong, China, on Wednesday, Nov. 2, 2022. Global bankers descended on Hong Kong for a major summit as the city seeks to relaunch itself as an international finance center after years of pandemic-induced isolation and a crackdown on dissent. Photographer: Paul Yeung/Bloomberg

Mark Carney, vice chair and head of transition investing for Brookfield Asset Management Inc., speaks during the Global Financial Leaders� Investment Summit in Hong Kong, China, on Wednesday, Nov. 2, 2022. Global bankers descended on Hong Kong for a major summit as the city seeks to relaunch itself as an international finance center after years of pandemic-induced isolation and a crackdown on dissent. Photographer: Paul Yeung/Bloomberg