Latest news with #BrookfieldCorp
Bloomberg
5 days ago
- Business
- Bloomberg
Brookfield's Atlantis Resort Secures $1.9 Billion Refinancing
Citigroup Inc. led a $1.93 billion debt refinancing for Brookfield Corp. 's Atlantis Paradise Island, the firm's luxury resort in the Bahamas, according to a Brookfield spokesperson. In the past five years, the property owner has invested more than $260 million in the resort, including a renovation of guest rooms, the Atlantis Casino and new food and beverage concepts, according to an emailed statement. That helped drive record visits to the property in 2024 and this year.
CTV News
07-08-2025
- Business
- CTV News
AI infrastructure spending trends ‘bode extremely well' for Brookfield: expert
Sorry, we're having trouble with this video. Please try again later. [5006/404] Brookfield Corp. and its subsidiaries are poised to benefit from governments and companies around the world increasing their spending on artificial intelligence infrastructure, an expert says. '(Brookfield) really has their hands in a lot of different aspects of our lives,' Christopher Ballard, managing director of Check Capital Management, told BNN Bloomberg in an interview Thursday morning. '(It's) in a perfect place to grow over a period of time as the world develops and it seems to be right on the cutting edge of this AI infrastructure build out… you don't really want to think about it on just a quarter-to-quarter basis.' Ballard's comments came after the Toronto-based company reported second-quarter earnings that showed deployable capital increasing to a record US$177 billion, as distributable earnings rose 13 per cent. He said the company and its subsidiary Brookfield Asset Management Ltd. continues to gain momentum through its wealth solutions business, which Ballard called 'their future growth engine.' 'They're making purchases on average of like fixed-income annuities, if you will, and taking those assets and redeploying them at much higher rates of return,' he explained. 'Last quarter they had $391 million of distributable earnings coming from that side of the business which continues to grow at a very rapid clip.' Brookfield, which manages over $1 trillion worth of assets within a diversified global portfolio that includes renewables, real estate and infrastructure, is also primed to take advantage of the nation-building spending plans being put forward by the federal government, Ballard said. 'The trends bode extremely well, and I believe that at some point in time they will do some partnerships in Canada,' he said. Prime Minister Mark Carney previously served as chair of Brookfield Asset Management before announcing his run for the Liberal Party leadership race early this year. Ballard said that as an investment, Brookfield is essentially a long-term infrastructure play, and the company is uniquely positioned to benefit from technological innovations that are underway across the world. 'You really do want to think of (Brookfield) as infrastructure, so that has to do with hydropower, electric power, and all power needed to drive these new AI infrastructures,' said Ballard. '(That's) where all the spending is going; they're on the cutting edge and kind of right in the middle of that forefront.'
Bloomberg
01-08-2025
- Business
- Bloomberg
Private Fund Giants Muscle Into £1.4 Trillion UK Pension Market
Private capital giants from across the Atlantic are jumping into the UK's booming pension-risk transfer market, with insurers backed by Brookfield Corp. and Apollo Global Management Inc. announcing deals valued at a combined $10.7 billion in the past month. As British businesses ranging from Boots to RSA and NatWest Group Plc offload their retirement liabilities to insurers to focus on their core businesses, the UK's £1.4 trillion ($1.8 trillion) defined-benefit pension funds have become a hot target for firms including Apollo.
Bloomberg
03-07-2025
- Business
- Bloomberg
Oaktree Set to Move LA Headquarters Away From Brookfield Tower
Oaktree Capital Management agreed to move its headquarters in downtown Los Angeles, relocating to a building just blocks away from its current offices. Oaktree signed a lease for 220,000 square feet (20,400 square meters) at City National Plaza, the largest LA-area office lease during the second quarter, according to brokerage Savills Plc. The investment firm will relocate from its current spot at 333 S. Grand Ave., a tower owned by an affiliate of Brookfield Corp.
Bloomberg
18-06-2025
- Business
- Bloomberg
Brookfield's Insurer Trims Private Credit, Citing Crowded Trade
Brookfield Corp. 's insurance unit has pulled back from investments in private credit as surging demand from rival bidders pushes yields down. Brookfield Wealth Solutions started to reduce its allocation to private credit six months ago, and is almost no longer investing in the asset class now, Chief Executive Officer Sachin Shah said at the Global Insurance Summit hosted by the Financial Times Wednesday in London. Demand has compressed yields, even as the underlying credit risk is the same and the covenants that protect creditors have become weaker.
