Brookfield Asset Management (BAM) plans "to capitalize opportunistically on market dislocations," leveraging $120 billion in flexible capital "more valuable in times of uncertainty," top executives said Tuesday in a letter to shareholders.
In public markets, "a pullback in valuations is creating more opportunities to acquire high-quality assets at attractive entry points," Chief Executive Officer Bruce Flatt and President Connor Teskey said in the letter.
"Private market strategies are playing an even more meaningful role and generating opportunities to provide liquidity when there is less available," the executives said.
Governments, corporations and institutions are seeking partners with both capital and operating expertise, the letter said.
Brookfield shares rose 1.4% in recent Tuesday trading.
Price: 54.68, Change: +0.75, Percent Change: +1.39
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.