Brookfield of Dreams
Inside Brookfield’s Plan to Double Again
Nvidia CEO Jensen Huang revealed a plan to mobilize $500 billion of third-party capital to back AI infrastructure last month, which surprised many. Among the providers that joined were Brookfield, KKR, and BlackRock. Brookfield's CEO, Bruce Flatt, explained that the company has been constructing backbone infrastructure since its inception, starting with power generation and moving to data centers, and now to compute.
With a capital management portfolio of $1.3 trillion, Brookfield employs more than 5,800 professionals across 50 countries. Brookfield's recent acquisitions include Australian plumbing manufacturer Reliance, the minority stake in American Real Estate Partners, and a new initiative in Canada called Maple Fund. Brookfield's CEO, Flatt, has ambitious plans for the company, aiming to double its assets under management within five years.
Despite criticism from Apollo's founder, who called Brookfield a second-tier private equity firm, industry insiders like Bill Ackman see value in Brookfield's high-quality asset portfolio and its potential to benefit from the AI-related infrastructure investment.
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