At a recent dinner hosted by Morgan Stanley in New York, top bankers discussed the significant financial opportunities arising from the surge in artificial intelligence investments. Notable private capital firms, including Apollo Global Management, Blackstone, and KKR, were present, highlighting their growing competition with traditional Wall Street banks in corporate finance.
Brookfield Asset Management raised $21 billion in the third quarter, primarily through Oaktree Capital and its credit business, highlighting a growing reliance on lending and insurance for growth. Distributable earnings increased to $619 million, a 9% rise from the previous year, translating to 38 cents per share, slightly surpassing analysts' expectations of 36 cents.
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