Brookfield to Tap $119 Billion Pool to Exploit Market Chaos (1)

Brookfield Asset Management said it plans to take advantage of recent volatility in global markets by deploying some of its $119 billion of uncalled capital to pick up high-quality assets.

“We are well-positioned and fully intend to capitalize opportunistically on market dislocations,” Chief Executive Officer Bruce Flatt and President Connor Teskey said in a letter to investors Tuesday, when Brookfield reported first-quarter results.

The recent market pullback is also creating opportunities in credit, “where private market strategies are playing an even more meaningful role and generating opportunities to provide liquidity when there is less available,” they said.

In February, Brookfield ...