Brookfield’s Profit Rises on Fundraising, Fee-Paying Asset Gains

AI Briefing

• – Brookfield Asset Management's profit rose in the first quarter, driven by strong fundraising and an increase in fee-paying assets.
• – The company reported a 5% increase in net income, driven by a 14% increase in fee-paying assets.
• – Brookfield's assets under management reached $1.3 trillion, with over $150 billion in new inflows in the first quarter.