“Gross domestic product growth has been strong, labor markets have continued to improve, and capital markets remain very constructive,” Flatt said. “As owners of real assets and businesses, most of which can raise prices contractually or with inflation, we are well positioned in this environment.”
Alternative asset managers are seeing strong demand from investors. Private equity giants including Apollo Global Management Inc. and Carlyle Group Inc. are raising record sums. Toronto-based Brookfield plans to raise US$125 billion for the next round of its flagship funds after it brings in US$100 billion in the current round, Flatt said in September.
Brookfield shares rose 1.8 per cent to US$61.50 in early trading in New York. The stock has returned 48 per cent this year through Wednesday.