Brookfield Asset Management announces $25 billion in third-quarter fundraising
Brookfield Asset Management said it raised $25 billion in the third quarter, bringing year-to-date fundraising to $123 billion. Third-quarter net income rose to $2.65 billion from $724 million a year earlier, while fee-related earnings increased 15% to $864 million. Infrastructure strategies accounted for $7 billion of fundraising during the quarter.