Brookfield Asset Management Ltd. announced record financial results for the third quarter ended September 30, 2024. Fee-related earnings (FRE) increased by 14% year-over-year to $644 million, while distributable earnings (DE) grew 9% to $619 million.
The company's fee-bearing capital (FBC) reached $539 billion, marking a 23% increase over the past year and a 5% increase from the prior quarter. This growth was driven by $101 billion in fundraising and $25 billion of capital deployment over the last twelve months.
Brookfield raised $21 billion in the third quarter and deployed approximately $20 billion of capital into investments, while monetizing over $17 billion of assets. The board of directors declared a quarterly dividend of $0.38 per share, payable on December 31, 2024, to shareholders of record as of November 29, 2024.
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