Brookfield's Private Credit Pool Soars to $6.5B; Files Permits for Massive CO2 Storage
BAM sits 16% above its 52-week low of $42.2.
Summary
Brookfield Asset Management's private credit pool surged to $6.5 billion in 2024, a significant increase from $450 million in 2023, driven by the acquisition of American Equity's asset portfolio. Concurrently, a BAM-linked entity filed for EPA permits to store an estimated 352 million tonnes of CO2 in California. This dual development underscores Brookfield's aggressive asset growth strategy and its expanding footprint in large-scale environmental infrastructure projects. The credit pool expansion boosts fee-related earnings potential, while the CO2 permits position the company for future revenue in the growing carbon capture market.
At the time of this announcement, BAM was trading at $49.15 on NYSE in the Finance sector, with a market capitalization of approximately $78.5B. The 52-week trading range was $42.20 to $64.10. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.