Brookfield Asset Management Ltd.

Brookfield closed its $2 billion Middle East fund in August, slightly above its $2 billion target set two years ago, and Managing Partner and Regional Head of Middle East Jad Ellawn says the firm is seeing multiple opportunities in the region. Ellawn told Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa that Brookfield has $20 billion invested in the region and will continue to focus on financial services, industrials, healthcare, and consumer and business services. He pointed to data from portfolio companies, including Network International, one of the largest payment companies, where H1 2026 transaction volumes were higher than H1 2025, and GEMS Education, where registrations are up from June, as evidence that the regional population has grown rather than merely stayed in place. Ellawn said demand for real estate has not gone anywhere and that the trends Brookfield is seeing in the region are medium to long-term in nature, adding that higher yields and CDS spreads that have not widened much do not change the firm's appetite or ability to invest. He also said sovereign wealth funds including the PIF, Mubadala and ADIA have always invested heavily domestically and that what has changed is the prioritization of investments, which will be strategic in nature.

A wave of deal activity spanned multiple sectors this week, led by Qualcomm's acquisition of robotics software firm PickNik to boost its presence in physical AI and robotics. Smurfit Westrock agreed to acquire Empresas CMPC's Chilean containerboard and corrugated business for $420M, including a paper machine in Santiago that produces roughly 250K tons per year. Madison Dearborn Partners agreed to acquire holding firm The Marygold Companies in an all-cash transaction valuing it at $2.00 per share, a 100% premium over its September 24, 2026 closing price. Brookfield is in exclusive talks to buy fraud detection business Actimize from Nice for $2 billion, while Goldman Sachs emerged as the lead bidder for Palmer Square Capital Management, a credit manager overseeing more than $37 billion. Elsewhere, Capri Holdings soared 10% on a report it has connected with potential acquirers, Evonik rose 7.2% in German trading after a report that BASF approached it about a takeover, RPM International agreed to acquire Italy-based Volteco S.p.A. for its Tremco Construction Products Group, and Superstar Platforms agreed to acquire fintech company TitlePal in an all-stock transaction.

Bloom Energy said Oracle remains committed to its roughly 2.4 GW fuel cell contract for the Project Jupiter AI data center despite issuing a force majeure notice tied to delays in the supporting natural gas pipeline. The notice had raised questions about timing and payment deferrals, but subsequent reassurances from Oracle, Bloom and analysts suggest the project's financial commitments and long-term role in AI power infrastructure are largely intact. Bloom's expanded US$25.0 billion financing framework with Brookfield stands out as it underpins a broader pipeline of AI infrastructure power projects beyond Oracle, supporting the company's raised 2026 revenue outlook and its planned capacity expansion to 2 GW. Bloom Energy's narrative projects $10.9 billion in revenue and $2.7 billion in earnings by 2029, requiring 51.6% yearly revenue growth and an earnings increase of about $2.5 billion from $244.9 million today, while some of the most optimistic analysts had assumed roughly US$17.8 billion in revenue and US$5.9 billion in earnings by 2029. The article was produced by Simply Wall St.

Brookfield Asset Management Ulc affiliates are finalizing an $800m refinancing of Oakbrook Center, a major U.S. mall, through a GGP-affiliated venture working with a lender group that includes Morgan Stanley, Goldman Sachs and Wells Fargo. The deal refinances an existing US$700m CMBS loan, covering penalties and costs while still returning equity to the mall's sponsors and keeping capital earmarked for ongoing investment in the property. Brookfield Asset Management Ulc is a CA$102.0 billion capital markets firm focused on private equity style acquisitions and growth capital investments, and the transaction supports the view of it as an arranger and operator of large-scale real asset financing rather than a heavily levered property owner. The unresolved question is how this refinancing risk interacts with the firm's push into private credit and AI-related infrastructure if credit conditions tighten, with Blackstone and KKR following a similar playbook. The full story points toward a CA$77.35 fair value for Brookfield Asset Management Ulc.

Brookfield Asset Management's retail arm GGP is locking in an $800 million commercial mortgage-backed security refinancing for Oakbrook Center, one of the last large, functioning malls in suburban Chicago. A syndicate comprising Morgan Stanley, Bank of America, Citibank, Goldman Sachs and Wells Fargo are reportedly the originators and sellers of the $800 million loan, according to Bisnow. The CMBS loan is set to repay a previous $700 million CMBS loan tied to the Oakbrook Center at 100 Oakbrook Center in the suburb of Oak Brook, as well as pay off $30 million in early payoff penalties, with the remainder of the cash going to $5 million in closing costs and returning $65 million of equity to the sponsors. The loan carries a five-year interest-only term and an assumed rate of 5.9 percent, and in July 2026 the mall was 94 percent leased with around 160 unique tenants. Oakbrook Center is the second-largest shopping mall in the Chicago metro and not only came out of the pandemic alive, but thriving.

Brookfield is closing in on a $2bn deal to buy Actimize, a financial crime and compliance specialist, from Nasdaq-listed NICE. Sky News has learnt that Brookfield's financial infrastructure arm, set up three years ago with the aid of the City grandee Sir Ron Kalifa, is in exclusive talks to acquire the business. Sources cautioned that a deal had yet to be finalised and could yet fall apart. If completed, the transaction would deepen Toronto-based Brookfield's push into financial infrastructure assets, following its acquisition of a stake in Barclays' merchant acquiring arm last year. Actimize was put up for sale by NICE earlier this year and was reported to have drawn interest from private equity firms including Advent International and New Mountain Capital; NICE bought the business in 2007 for $280m, and it now focuses on AI-driven fraud prevention and anti-money laundering products for financial institutions worldwide. Brookfield declined to comment on Wednesday morning.

Bloom Energy has secured $25 billion in project financing from Brookfield Asset Management to chase the data center power boom, while rival fuel cell maker Plug Power is largely sitting the opportunity out. Brookfield expanded its existing agreement with Bloom to fund AI-related power infrastructure projects, lifting the total to $25 billion and giving Bloom access to substantial third-party project financing. On Bloom's second-quarter 2026 earnings release, CEO KR Sridhar said every major U.S. hyperscaler and more than a dozen U.S. neoclouds, AI labs, and colocation data center operators have validated and approved Bloom's power solutions for their AI factories, adding that Bloom is now a standard for AI onsite power. Plug Power, by contrast, remains focused on material handling, electrolyzers, and hydrogen production; CEO Jose Luis Crespo said on the 2026 second-quarter earnings call that the company has not made any decisions on data centers, even after announcing a July 2026 technical collaboration with Microsoft to test its proton exchange membrane fuel cells as a potential replacement for diesel backup generators. Wall Street rates Bloom a Moderate Buy across 26 analysts with up to 35% potential upside based on a $354 high target price, while Plug Power carries a consensus Hold rating from 20 analysts.

Nvidia Corp. has committed $2 billion to Brookfield Asset Management's global artificial intelligence infrastructure fund, according to investor documents that revealed the size of a previously disclosed investment. The AI giant is an anchor investor for the Brookfield Artificial Intelligence Infrastructure Fund, alongside the Kuwait Investment Authority, Brookfield said last year. The fund focuses on the AI buildout, backing factories, dedicated behind-the-meter power solutions and compute infrastructure. Brookfield is raising $10 billion for the AI infrastructure fund as part of a broader plan to raise around $50 billion for the infrastructure group over the next two years, with AI featuring in every strategy. Brookfield is also part of an Nvidia consortium committing to financing AI computing deals totaling more than $500 billion.

Two competing private equity consortiums have emerged for GFL Environmental, setting up a bidding war over a target carrying $28 billion in combined equity value and debt, Bloomberg News reported Wednesday evening. KKR & Co., Energy Capital Partners, and Blackstone Inc. have formed one consortium, while Brookfield Asset Management and IFM Investors have teamed on a rival offer. GFL carries a market capitalization of roughly $18 billion alongside approximately $10 billion in debt, implying a total enterprise value approaching $28 billion. CEO Patrick Dovigi said on Bloomberg TV that he is open to taking the company private at a higher valuation than its current stock price and would roll his entire ownership stake into any transaction. GFL's special committee, formed in July after the company retained advisers following preliminary takeover interest, is expected to take time evaluating the competing proposals and could ask bidders to sharpen their offers, with a decision possible within weeks. At roughly $28 billion in enterprise value, a completed GFL transaction would rank just below the AES Corp. takeover, currently the largest announced North American LBO of 2026 at approximately $33 billion including debt.

Brookfield is in advanced negotiations to acquire Indian glass-packaging company PGP Glass from Blackstone for between $1.3 billion and $1.5 billion, The Economic Times reported, citing multiple people familiar with the matter. The deal would mark an exit for Blackstone, which acquired PGP Glass, formerly known as Piramal Glass, from the Piramal Group for approximately $765 million in 2020 and has been exploring options since early 2024. Blackstone had also been preparing the company for a potential initial public offering in India this year, appointing Axis Capital, Bank of America and HSBC as lead bankers in February for an offering expected to raise between $400 million and $500 million, and separately appointing Jefferies to explore a sale. Brookfield previously competed with Platinum Equity for PGP Glass in a 2024 sale process that ended without an agreement, but has since returned to negotiations. PGP Glass designs, manufactures and decorates glass packaging for the cosmetics and perfumery, pharmaceutical, food and specialty beverage industries, with cosmetics and perfumery accounting for 37.5% of revenue in fiscal 2025 and specialty food and beverage packaging representing 41%.

Bloom Energy has been officially named to join the benchmark S&P 500 index, a change effective before the market open on Sept. 21, 2026, and its stock rallied as much as 9.6% on Sept. 8 following the announcement. The company reported record revenues of $1.07 billion in the second quarter of 2026, a 166% year-over-year increase, driven by a 215% surge in product revenues, fueled by AI data center power demand. Management raised full-year 2026 revenue guidance to $3.9 billion to $4.2 billion, reflecting 100% growth at the midpoint, supported by a partnership with Oracle for up to 2.8 gigawatts of fuel cell capacity and a fivefold expansion of its funding framework with Brookfield Asset Management to $25 billion. The short-term price target from 22 analysts is $274.86, implying about 8.70% upside. Given Bloom Energy's high valuation with a price-to-earnings ratio of 67.99 versus the S&P 500's 20.09, ETFs offer a diversified way to gain exposure, including the Global X Hydrogen ETF, which holds Bloom Energy at 17.21% weight, the iShares Global Clean Energy ETF at 8.51%, and the Global X U.S. Electrification ETF at 5.53%.

Brookfield has been selected by the Nuclear Liabilities Fund to manage a long-term, multi-asset investment mandate with an initial $1bn commitment, aimed at covering the future costs of decommissioning eight UK nuclear power stations. The mandate, managed by Brookfield's Investment Solutions Group, will invest globally across infrastructure, energy, private equity, real estate, and private credit, with proceeds reinvested to support long-term compounding. The partnership is structured to align with the fund's multi-decade funding requirements, reducing reliance on taxpayers. Brookfield's ISG is chaired by Howard Marks and led by Alper Daglioglu, who emphasized the firm's long-term approach and disciplined capital allocation.

Nvidia is investing billions across the AI industry that ultimately buys its chips, and prominent economist Tyler Cowen says that could make the boom more durable rather than proving it a bubble. Cowen told the Prof G Markets podcast that Nvidia acts as a kind of lender or buyer of last resort for the sector, with Microsoft, Alphabet, and Meta playing similar roles. He argued that new technologies often need help getting off the ground, and the huge capital flowing into AI gives it a better chance of succeeding. Nvidia has committed up to $10 billion to Anthropic and, in August, partnered with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR on platforms to mobilize over $500 billion for AI infrastructure. It also agreed to guarantee up to $105 billion of OpenAI-linked lease obligations at SB Energy's Ohio data-center campus and invest $1.5 billion in SB Energy, becoming the exclusive AI compute provider there. Cowen dismissed the bubble debate, comparing the boom to automobiles in the 1920s, and said investors should ask whether the product works, to which the answer is clearly yes. He cautioned that debt-financed data centers could cause bad macro consequences if the boom reverses, but the fallout would likely fall well short of the 2008 crisis.

Brookfield Asset Management and Bloom Energy have expanded their AI infrastructure framework from $5 billion to as much as $25 billion, aiming to address data-center electricity bottlenecks. Under the arrangement, Brookfield can finance eligible deployments through its investment vehicles, while Bloom supplies fuel-cell systems that generate power on-site. The framework's ceiling, however, does not guarantee committed revenue; projects must still meet underwriting criteria and customer contracts. Hedge funds showed mixed positioning in the second quarter, with Brookfield ownership falling to 32 funds from 39, while Bloom ownership rose to 116 funds from 91. As of August 14, 18.3 million Bloom shares were sold short, representing 6.39% of the float. The partnership assigns different risks to each company, but both face the challenge of converting a headline maximum into funded assets over time.

Nvidia has announced partnerships with Apollo, Blackstone, BlackRock, Brookfield, Goldman Sachs, and KKR to launch compute financing platforms aimed at raising over $500 billion for AI infrastructure, with CEO Jensen Huang saying Nvidia could backstop up to $125 billion, or 25%, of potential deals. Blackstone President Jon Gray said on CNBC that AI compute will be seen as a financeable asset class, similar to how mortgage lenders assess homes. The move comes amid rising skepticism about AI spending, and Nvidia shares fell after the deal was first reported, erasing more than $70 billion in market value. Blackstone, one of six partners, has seen AI compute demand across its portfolio companies surge sevenfold this year and has prior experience financing AI infrastructure for companies like Anthropic. BlackRock CEO Larry Fink compared this moment to the creation of mortgage-backed investments in the 1970s, but commentators have flagged circular financing concerns, and Moody's has warned that heavy capex is squeezing free cash flow and pushing tech giants toward more debt.

Nvidia is set to report second quarter earnings, with Wall Street expecting adjusted earnings per share of $2.09 on revenue of $92 billion, according to Bloomberg analyst consensus estimates. That would mark a 96% year-over-year jump in overall revenue and a continued quarter-over-quarter acceleration. Data Center revenue is anticipated to top $85.4 billion, up 107%, with hyperscaler revenue expected to reach $43.5 billion and ACIE sales projected to reach $41.7 billion. The report comes as chip stocks struggle to hold gains following July's steep declines over concerns about returns on AI investments. Nvidia also recently announced a $500 billion capital pool with BlackRock, Blackstone, KKR, Apollo, Brookfield, and Goldman Sachs to securitize its GPUs, and is backing SB Energy and OpenAI's efforts to build an 8-gigawatt data center in Ohio with up to $150 billion.

Brookfield reported distributable earnings before realizations of $1.4 billion for the second quarter, up 15% year over year, while management detailed a $100 billion Kentucky AI data center project and a nuclear buildout. CEO Bruce Flatt described a partnership with the US Department of Energy to build an AI campus on federally owned land, and the DOE committed a further $17.5 billion to Brookfield and its utility partners for Westinghouse's reactor pipeline, which is now under construction on 14 reactors with visibility into 40 more and another 100 beyond that. Fundraising hit a record $77 billion, pushing fee-bearing capital up 19% to $672 billion and fee-related earnings up 20% from a year earlier. The board declared a quarterly dividend of $0.07 per share, while the company spent roughly $580 million on buybacks year to date at an average price of $42.

Brookfield Asset Management has entered a new joint venture with Varia US Properties AG covering 13 multifamily properties across nine U.S. states, involving assets valued at about US$694 million. The company's shares trade at about CA$71.10, with a 30-day return of 8.24% and a 90-day return of 7.32%, while the three-year total shareholder return stands at 75.79% against a one-year decline of 10.16%. The most followed valuation narrative pegs fair value near CA$80.24, implying the stock is about 11.4% undervalued, though it trades at 29.4 times earnings versus the Canadian Capital Markets industry average of 7.4 times.

Brookfield announced the renewal of its normal course issuer bid to purchase up to 10% of the public float of each series of its class A preference shares. The buybacks will extend from August 24, 2026, to August 23, 2027, with purchases made at the prevailing market price. The program covers Series 2, Series 4, Series 13, Series 17, Series 18, Series 24, Series 26, Series 28, Series 30, Series 32, Series 34, Series 36, Series 37, Series 38, Series 40, Series 42, Series 46, Series 48, Series 51, Series 52, and Series 54.

Earn Your Leisure hosts Rashad Bilal and Troy Millings framed NVIDIA's $500 billion AI investment partnership with Apollo, Blackstone, BlackRock, Brookfield, Goldman Sachs and KKR as 'almost like a digital infrastructure bill,' signaling private capital now backs AI buildout. Jensen Huang cited $1 trillion in Blackwell and Rubin revenue visibility through 2027, and he projected AI infrastructure spending at $3 to $4 trillion annually by decade's end. NVDA carries 58 Buy ratings and an 85% Polymarket probability of a new all-time high, but 27 recent insider transactions trend toward net selling.

Brookfield Capital Partners has raised its takeover offer for Australian plumbing products maker Reliance Worldwide to A$4.75 per share in cash, valuing the company at about A$4.1 billion including debt. The proposal implies an equity value of about A$3.55 billion and represents a 31.6% premium to Reliance Worldwide's A$3.61 closing price on Monday, with shares surging 24% on Tuesday after the announcement. The latest offer follows three unsolicited proposals from Brookfield earlier this year at A$4.15, A$4.25 and A$4.50 per share, and Reliance Worldwide has now entered into a process deed granting Brookfield an exclusivity period through September 15. The companies will work toward an implementation deed, and if a definitive agreement is reached, Reliance Worldwide would have a 30-day period to consider competing proposals. The company's board has not yet made a recommendation on the offer and has advised shareholders to take no action at this stage.

Brookfield Asset Management CEO Bruce Flatt said the main constraint on AI growth is construction capacity, not investor money, during a CNBC panel discussion about the $500 billion AI financing plan. Flatt argued that the industry cannot build enough power or compute, and pointed to Brookfield's history in solar, wind, gas, data centers, and now compute alongside NVIDIA as evidence of its infrastructure expertise. He also noted Brookfield raised a record $77 billion last quarter, including its first AI-focused infrastructure fund, and has partnerships with OpenAI, Anthropic, and Bloom Energy, plus a US Energy Department-backed data center project in Kentucky expected to draw more than $100 billion in private investment. However, Brookfield's global head of AI infrastructure, Sikander Rashid, warned on the earnings call that some capital will inevitably be poorly allocated, citing the early-2000s fiber-optic boom, and Flatt acknowledged there is not yet a proven investment structure for such deals.

The SEC has issued guidance that removes key risk-retention requirements from certain data center debt structures, supporting Nvidia's push to mobilize $500 billion in third-party capital for AI data center construction. The SEC sided with law firm Latham Watkins, concluding that data center securitizations fall outside Dodd-Frank risk-retention rules because data centers, unlike mortgages, do not qualify as self-liquidating assets. Attorneys said the guidance, while only a staff opinion, would open the door to more flexible and capital-efficient data center financing and attract more securitizations. Nvidia last week announced partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to assemble capital pools for AI compute hardware.

Nvidia CEO Jensen Huang unveiled a $500 billion AI data center financing plan on August 10, standing alongside leaders from Goldman Sachs, BlackRock, Blackstone, KKR, Apollo, and Brookfield. The group says it will raise the funds, and potentially more, from outside investors to build new AI data centers. KKR's head of digital infrastructure, Waldemar Szlezak, described the shift as a revenue stream. Nvidia previously announced a plan to invest up to $100 billion in OpenAI for data centers needing 10 gigawatts of power, but that investment never fully materialized. No money has been raised yet, only memos of understanding between the firms.

Brookfield Asset Management and La Caisse have completed their acquisition of Canadian renewable energy company Boralex for around C$9bn ($6.5bn), including debt. The deal, announced in March 2026, was carried out through a plan of arrangement under the Canada Business Corporations Act and included Brookfield's institutional partners such as Brookfield Renewable Partners. The purchasing consortium acquired all outstanding class A common shares of Boralex at C$37.25 per share in cash. La Caisse, previously Boralex's largest shareholder with approximately 15% of shares, will hold a 30% stake following a post-closing investment. Boralex's headquarters will remain in Québec, Canada, and the company will continue to operate independently. Boralex has applied to cease being a reporting issuer and its shares are expected to be removed from the Toronto Stock Exchange on or about 17 August 2026.

Nvidia's $500 billion infrastructure financing platform is set to support the AI investment boom. The deal involves Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR & Co. mobilizing over $500 billion of third-party capital for AI infrastructure buildout. Nvidia will act as a marketplace, helping customers access compute at scale and build DSX AI factories. Goldman Sachs notes corporate profit margins have climbed rather than eroded, distinguishing the current AI boom from the dotcom bubble. Nvidia reported FY26 revenue growth of 65% year-over-year to $215.9 billion and operating cash flow of $102.7 billion.

Brookfield Corporation has expanded its global insurance footprint through recently completed acquisitions that add scale to its life and annuity operations, and has announced a major partnership with NVIDIA and other financial institutions to finance large AI infrastructure projects worldwide. The acquisitions of Oaktree and Just Group expand access to insurance float and long-duration liabilities that can be invested into real assets and private credit where Brookfield already has operating expertise. The NVIDIA partnership positions Brookfield as a key capital provider to large-scale AI data center and compute projects, with plans to mobilize part of over US$500 billion of third-party capital linked to its infrastructure and private credit franchises. Brookfield is a CA$143.4 billion multi-asset manager running large platforms across real estate, infrastructure, renewable power and private equity. Investors will watch for specific fee-bearing capital raised and deployed into AI infrastructure and insurance-backed strategies in upcoming quarterly results, along with the performance of the US$642.83 million buyback program.

Intel priced an upsized $20 billion public stock offering this week, selling over 210 million shares at $95 each and expecting net proceeds of about $19.7 billion to fund AI-related growth opportunities. Super Micro Computer closed 19% higher on Wednesday after issuing fiscal first-quarter guidance well above Wall Street forecasts, while Lumentum rose 14% on strong fiscal fourth-quarter results and outlook. Workday jumped nearly 18% on Thursday after Reuters reported private equity firm Silver Lake is in talks to buy the software company, with Needham analysts estimating a potential takeover price of $240 to $250 per share. NVIDIA confirmed it is working with a consortium of lenders including Apollo Global Management, Blackstone, BlackRock, Brookfield, Goldman Sachs, and KKR to raise $500 billion for AI infrastructure, signing a memorandum of understanding to establish first-of-their-kind compute financing platforms at global scale. AMD filed a mixed shelf debt offering that could raise up to $5 billion in four tranches, and Argus upgraded Sandisk to Buy from Hold with a $1,600 price target.

SWI Group's Varia US Properties has signed a definitive agreement with affiliates of Brookfield Asset Management covering 13 of Varia's 17-property U.S. multifamily portfolio through a newly formed USD 693.9 million two-vehicle joint venture. The joint venture provides access to up to USD 200 million equity capital to fund future acquisitions, enabling Varia US to expand its portfolio and reposition toward higher-quality assets. The 13 properties, comprising 4,112 units across nine U.S. states, have an aggregate gross asset value of approximately $694 million, while four properties will remain wholly owned and consolidated by Varia US. Varia US will actively invest in the joint venture assets to maximize value ahead of planned disposals, with proceeds recycled into higher-quality acquisitions.