Thanks
Robert
EPS of $0.589 beat estimates of $0.571 and sales of $1.83B missed estimates of $2.0B. Fee-related earnings grew 11% year-over-year to $772M, and management is targeting $1.1T in fee-bearing capital by 2029 and expects to exceed its 16% CAGR growth target. It also announced a $500M investment in OpenAI Deployment company, a new platform focused on helping large enterprises move from AI pilots to scaled, enterprise-wide deployment. BAM intends to deploy this platform across its portfolio companies to drive efficiency gains. Momentum seems to be turning around, and we would be quite comfortable buying here today.