Brookfield Asset Management Ltd. (NYSE:BAM) Q4 2022 Earnings Call Transcript

Operator: Thank you. And our final question comes from the line of Nick with CIBC.

Unidentified Analyst: Okay. Thanks for the question. Is there any early feedback that you might be able to share from your conversations with LPs around the launch of fundraising for the next iteration of the opportunistic credit fund? I realize it’s early days, but just if you could update us on your read, regarding the general appetite and demand for that capability, that would be great.

Bruce Flatt: Certainly, so this is the type of market where that fund goes to work and delivers its best returns. Historically, Oaktree has outperformed when there is call it scarcity in credit markets and when there is volatility in things like interest rates. So, we do expect the demand to be significant. Obviously, that product has scaled significantly in recent years since we completed the partnership with Oaktree. And we would say the market backdrop is very constructive for that fundraise in 2023.

Unidentified Analyst: Okay. I believe my other questions have been answered. Thank you.

Operator: Thank you. I will now hand the call back over to Managing Partner, Branding and Communications, Suzanne Fleming for any closing remarks.

Suzanne Fleming: Thank you, operator and with that we will end the call. Thank you for joining us everyone.

Operator: Ladies and gentlemen, this concludes today’s conference call and webcast. Thank you for participating and you may now disconnect.