CEO Bruce Flatt said in an interview with Bloomberg TV that the Toronto-based asset management firm plans to invest in the “financial backbone of the global economy,” such as payments systems, through the new pool of capital. (Bloomberg)
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CEO Bruce Flatt said in an interview with Bloomberg TV that the Toronto-based asset management firm plans to invest in the “financial backbone of the global economy,” such as payments systems, through the new pool of capital. (Bloomberg)
Talking point: Brookfield, which ended 2023 with US$916 billion in assets under management, recently hired Ron Kalifa, former CEO of payments processing firm Worldpay, to lead its financial infrastructure division within its private equity arm. The group focuses on digital assets, typically mature companies whose products are integrated into the financial system. As of October, Brookfield had committed about US$5 billion to financial infrastructure companies. The firm did not immediately respond to The Logic’s request for comment on the new pool of capital for the sector.
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