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Brookfield Asset Management is targeting a threefold rise in its assets under management (AUM) in India, aiming to reach USD 100 billion within the next five years. The global asset manager, which currently oversees USD 30 billion in India across infrastructure, real estate, renewables, and private equity, sees emerging markets like India playing a pivotal role in its projected global AUM growth to USD 2 trillion. The firm emphasised that even a GDP growth rate of 5.5% would remain attractive due to India's economic scale. Much of the future growth is expected to stem from strategic mergers and acquisitions alongside organic expansion.
Brookfield Asset Management has set an ambitious target to more than triple its assets under management (AUM) in India to USD 100 billion over the next five years, according to a senior executive who spoke earlier this week. Advertisement
Connor Teskey, president of the New York-headquartered investment firm, conveyed that the company expects its global AUM to double within the same period, rising from the current USD 1 trillion mark. He pointed out that the growth trajectory in emerging markets like India is projected to outpace that of developed regions.
Brookfield, which has been operating in India for over 15 years, currently manages USD 30 billion in assets across sectors such as infrastructure, real estate, renewable energy, and private equity. Teskey expressed confidence in India's prospects, noting that it is entirely reasonable to anticipate the firm's Indian operations reaching USD 100 billion in AUM within the near future.
In response to a question regarding the timeline for achieving the USD 100 billion target, Teskey indicated that the firm expects to hit the milestone in five years or potentially sooner.
Teskey maintained that investment plans in India would remain robust even if the country's real GDP growth were to dip to 5.5%, suggesting that such a rate is still highly favourable when considering the magnitude of the economy.
He emphasised that a significant share of the growth in AUM would be driven by mergers and acquisitions, though Brookfield also intends to expand organically by nurturing new businesses.
Highlighting India's appeal, Teskey referred to the country's rapidly growing economy, accelerating infrastructure development, and rising importance as a global supply chain hub. He further pointed out that the availability of skilled talent would aid their expansion.
A considerable portion of Brookfield's investments in India will remain focused on the infrastructure sector, encompassing both transportation and digital assets. Teskey also noted the company's strong involvement in renewables and mentioned potential interest in India's nuclear energy sector. He suggested that easing liability-related constraints would support such investments.
Brookfield's past investments in India have generally met or surpassed return expectations for the funds deployed, he added.
With regard to market volatility and valuation shifts, Teskey stated that the firm adopts a long-term view, maintaining a disciplined investment approach and ignoring short-term market fluctuations in India.
Currently, Brookfield's Indian portfolio includes USD 12 billion each in infrastructure and real estate strategies, USD 3 billion in renewable power and transmission, and USD 3.6 billion in private equity and special investments.
Teskey also highlighted the relevance of the 'three Ds' decarbonisation, digitalisation, and deglobalisation as central investment themes that are shaping Brookfield's global and Indian strategies. He remarked that India stands to benefit from recent tariff decisions made by the US, while noting that Brookfield's portfolio is largely shielded from shifts in global trade policy.
The planned growth in AUM to USD 100 billion is not only a testament to India's investment appeal but also to Brookfield's belief in its resilience amid global economic shifts. As Brookfield continues to align with transformative themes like digitalisation and decarbonisation, its deepening footprint in India could reshape the private capital landscape significantly.
Source - PTI
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