Brookfield Asset Management

Emerging Markets

GIC, Temasek back Brookfield in emerging markets transition fund

The fund, which targets US$5 billion, was introduced at the COP28 climate change conference.

Singapore economy

GIC, Brookfield to buy US freight railroad company for US$6.4 bil in cash

(July 2): Singapore's sovereign wealth fund GIC and Canada's Brookfield Asset Management on Monday agreed to buy US freight railroad owner Genesee & Wyoming for about US$6.4 billion ($8.7 billion) in cash.

Asset management

Blackstone pushes 2018 global real estate AUM to US$3.2 trillion mark with a record-breaking year

SINGAPORE (May 22): Total real estate assets under management (AUM) for 2018 rose 12% to US$3.2 trillion ($4.4 trillion) from US$2.8 trillion in 2017, according to this year’s ANREV/INREV/NCREIF Fund Manager Survey.
GIC said to be among bidders for Anbang hotel portfolio

Property

GIC said to be among bidders for Anbang hotel portfolio

NEW YORK (May 22): Brookfield Asset Management Inc. and Fortress Investment Group are among the bidders for a portfolio of 15 hotels owned by Anbang Insurance Group Co., according to people familiar with the sales process.
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