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Brookfield Corporation Class A Limited Voting Shares (BN $56.93)
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Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM $61.88)
Q: Is BN and/or BAM susceptible to the credit risk like private credit like black rock?
5i Research Answer:
BN/BAM manage funds and in the sector if investors get "scared" redemptions can increase and this can cause liquidity issues. But, Brookfield puts restrictions on nearly all of its funds to control this process. So, there is risk, but it is not likely too damaging as it has shown to be for companies such as OWL. The other area of concern right now is software exposure. BN's investments span diverse assets like data centers, power generation, and private equity, often positioned as infrastructure plays supporting AI rather than pure software bets. For instance, BAM manages broad holdings, but SEC filings show minimal software-specific names among top positions (e.g., no major software firms like those in tech-heavy peers).