Brookfield Asset Management's Record $30 Billion Fundraising Highlights Growth Momentum, RBC Says

Brookfield Asset Management (BAM) achieved record fundraising of approximately $30 billion, according to RBC Capital Markets. The firm has $581 billion in fee-bearing capital and $125 billion in uncalled fund commitments, positioning it well to leverage market opportunities. RBC noted that momentum in private credit, infrastructure, and private equity could enhance fee-related earnings growth, supporting BAM's long-term targets. RBC maintains an outperform rating on BAM with a price target of $76, while the current stock price is $53.41, reflecting a 0.72% increase.