The asset management giant said in a letter to shareholders Tuesday that the recent global market turmoil has created a disconnect between companies’ price and their value, creating buying opportunities it  plans to take advantage of with some of its uncalled capital. (The Logic)

Talking point: The firm, which announced first-quarter results Tuesday, highlighted private credit as another area it plans to focus on while the public markets are shaky. Like many asset managers, Brookfield has been growing its credit business over the last few years, driven by higher interest rates. The firm, whose credit arm raised US$14 billion in the quarter, said that strategy is especially important now for providing liquidity at a time when there’s less of it available. Despite wild swings in Brookfield’s share price recently, CEO Bruce Flatt and president Connor Teskey painted a generally rosy picture of its  financials, saying its long-term and diversified investing strategy help insulate it from volatility. The firm raised US$25 billion in the last quarter and US$140 billion in the past year.