Brookfield looks to treble India assets in 5 yrs
MUMBAI: Brookfield Asset Management is aiming to more than triple its assets under management in India to $100 billion over the next five years, a senior official said on Thursday.
Connor Teskey, the president of the New York-headquartered global asset manager, said it expects the global AUM to double over the next five years from the present $1 trillion, and the growth in emerging markets like India would be higher. At present, the AUM in India, where the firm has been investing for over 15 years, is $30 billion in assets across sectors like infrastructure, real estate, renewable power and also private equity.
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