No. of Recommendations: 2
from ~90pg report on alt managers :
"...For heavier exposure to private investments in real estate/real assets, including a focus on infrastructure investments and renewable power and transition investments, Brookfield [BAM] , which derives 47% of fee-earning AUM and 60% of base management fees from real estate/real assets, fits the bill. The company also derives 60% of its fee-earning AUM and 33% of its base management fees from private credit if investors want heavier exposure to both segments...
Our top choice remains Blackstone, which is more broadly diversified than most of its peers and operates with scale in each of the areas where it competes. We view the wide-moat-rated firm as the preeminent alternative asset manager. With $1.2t in total AUM including $900b in fee-earning AUM, at the end of September 2025 Blackstone is the largest alternative asset manager in the world..."
No. of Recommendations: 1
Thanks, weatherman. Do you have a link to the report? I know that M* just started covering BAM last month and still doesn’t cover BN. Might explain the preference.
