Brookfield Asset Management Ltd. BAM said Wednesday it’s raised $19 billion in fresh capital in 2023 and issued a forecast of “another strong year in fundraising.” The Canadian asset manager said it is nearing a final close on its fifth flagship infrastructure fund with $24 billion raised thus far. Its sixth flagship private equity fund has drawn in $9 billion. Brookfield said its first-quarter profit fell to $516 million, or 32 cents a share, from $723 million, or 21 cents a share, in the year-ago quarter. Distributable earnings per share rose to 34 cents from 30 cents, ahead of the analyst estimate of 33 cents a share, according to FactSet data. Brookfield Asset Management stock is up 16% in 2023.
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