Sep. 7 at 9:46 PM
Brookfield Corporation is one of the world’s largest alternative asset managers.
Brookfield focuses on direct control investments across five key sectors:
1. Real Estate
2. Renewable Power & Transition
3. Infrastructure
4. Private Equity & Credit
5. Insurance Exposure
Brookfield Corporation is one of the largest holdings of Bill Ackman’s Pershing Square Capital Management.
In fact, he even increased his position in the most recent quarter.
Here is the recent statement his fund made surrounding BP-
“We estimate Brookfield will grow distributable earnings, which is the company's metric for earnings per share, at a midteens percentage this year, before significantly accelerating the growth rate to as much as 30% in 2026, as carried interest and BWS (Brookfield Wealth Solutions) both experience a step-function change in their earnings contribution.”
From a relative valuation perspective, BN looks quite attractive.
They trade at a substantial discount to comparable U.S. peers, KKR and Apollo, despite expectations that they will grow distributable earnings at a higher rate.
$BN remains high on my watchlist.
