Brookfield Plans Private Credit Sales Push and Ramps Up Hiring

Brookfield Asset Management Ltd. is starting to sell off pieces of the private debt deals it finances in a bid to increase fees and expand its $314 billion credit business.

The New York-based money manager has set up a syndication team within its Brookfield Capital Solutions unit and begun offloading stakes in non investment-grade debt it underwrites to outside investors, according to people with knowledge of the matter.

Craig Laurie, a managing partner in Brookfield’s credit group, is spearheading the initiative, the people added, asking not to be named because they’re not authorized to speak publicly. Brookfield is ...