Brookfield Asset Management has raised $21 billion in the third quarter, primarily through its credit business, including Oaktree Capital. This capital influx highlights the firm's increasing reliance on lending and insurance products to support its expansion efforts.
The investment firm's distributable earnings for the quarter increased by 9% to $619 million, equivalent to 38 cents per share. This performance slightly exceeded the average estimate of 36 cents per share from analysts surveyed by Bloomberg, indicating a positive outcome in a competitive financial landscape.