Brookfield Corporation has quietly built a leading private credit platform with $250 billion in assets under management and $1.5 billion in annual fee-based income. CEO Bruce Flatt emphasized that the firm's approach is grounded in disciplined underwriting, downside protection, and risk-adjusted returns, with no material exposure to software. The platform was largely built through a partnership with Oaktree, in which Brookfield acquired a 62% stake in 2019 and the remainder last year, and has since added a 51% stake in Castlelake and a majority interest in Angel Oak. Brookfield aims to grow its credit assets to $640 billion by 2030. Despite the platform's quality, shares have fallen more than 10% from their 52-week high, which may present a buying opportunity.
Brookfield Asset Management Ltd.Brookfield Asset Management is the listed entity that manages the credit platform; the article highlights its $250B AUM and $1.5B fee income, and the growth target to $640B by 2030, which is positive for its earnings and valuation.
Oaktree Specialty Lending Corp
Brookfield CorpBrookfield Corp owns the asset manager and benefits from the credit platform's growth; the article notes disciplined underwriting and no software exposure, and mentions shares are down 10% from highs, implying a buying opportunity.
NVIDIA Corporation