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Dec 31, 2024
Brookfield Q4 2024 Earnings Report
Key Takeaways
Brookfield Asset Management reported strong Q4 2024 results, driven by record fundraising and increased fee-related earnings. Net income for the quarter surged to $688 million, while fee-related earnings grew 17% year-over-year to $677 million. The company deployed $16 billion in capital and raised $29 billion during the quarter, further strengthening its asset management business.
Brookfield
Brookfield
Forward Guidance
Brookfield Asset Management anticipates another strong year in 2025, leveraging its diversified fund offerings and continued capital inflows to drive growth. The company expects further expansion in fee-bearing capital and increased fundraising momentum.
Positive Outlook
- Strong fundraising momentum with $29 billion raised in Q4 2024
- Continued growth in fee-related earnings, up 17% year-over-year
- Expansion in fee-bearing capital to $539 billion
- Increased capital deployment, with $16 billion invested in Q4
- Raised quarterly dividend by 15%
Challenges Ahead
- Macroeconomic uncertainties could impact fundraising efforts
- Potential pressure on investment returns due to economic conditions
- Volatility in listed affiliate share prices affecting NAV increases
- Rising interest rates could impact future capital deployment
- Increased competition in alternative asset management space