Brookfield strikes deal with debt firm Castlelake in drive to expand credit business [Financial Post (Toronto, Ontario, Canada)]
Brookfield Corporation Class A Limited Voting Shares (BN)
Company Research
Source: Financial Post
You can save this article by registering for free here . Or sign-in if you have an account. Brookfield Asset Management Inc. struck a partnership with Castlelake LP to get a majority share of the private debt firm's fee-related earnings, another move in the Canadian investing giant's effort to grow its credit business. Brookfield Asset will invest about US$1.5 billion, including money that the firm's reinsurance arm will place in Castlelake's strategies, the firms said in a statement Monday . Castlelake will still operate independently and retains majority ownership of its earnings tied to performance. Article content Article content Toronto-based Brookfield Asset recently formed a credit arm to drive growth alongside its traditional real estate and infrastructure funds. It's looking to manage more credit assets for insurers, including its own, and has turned to partnerships in many instances. The Castlelake deal “helps to deploy some of its significant cash (US$2.7 billi
Show less
Read more
Impact Snapshot
Event Time:
BN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BN alerts
High impacting Brookfield Corporation Class A Limited Voting Shares news events
Weekly update
A roundup of the hottest topics
BN
News
- Brookfield CEO says institutional investors have less interest in ‘distractions' of public markets [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Brookfield Plans to Invest $500 Million in Leap Green [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Top Climate Investor in India Seeks to Raise a $1 Billion Fund [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Top Climate Investor in India Seeks to Raise a $1 Billion Fund [BNN Bloomberg (Canada)]BNN Bloomberg
- Partners Value Split Corp. to Partially Redeem Its Class AA Preferred Shares, Series 8 [Yahoo! Finance]Yahoo! Finance
BN
Earnings
- 5/9/24 - Miss
BN
Sec Filings
- 5/22/24 - Form F-10
- 5/22/24 - Form F-X
- 5/22/24 - Form F-10
- BN's page on the SEC website