BAM files proxy for May 5 annual meeting; 2024 AUM tops $1T, FRE up 10% to $2.5B

Brookfield Asset Management Ltd.

Annual meeting on May 5, 2025; agenda includes election of 12 directors, auditor appointment, and say-on-pay vote.
2024 capital raised $135B, AUM exceeded $1 trillion, fee-bearing capital +18% to $539B.
Fee-related earnings rose 10% to $2.5B; distributable earnings up 5% to $2.4B.
Corporate restructuring closed Feb 4, 2025: BAM acquired ~73% of asset mgmt business from BN; BN retains ~73% of BAM.
Deployed $48B in 2024 across power, infra, PE, real estate, and credit; $115B in uncalled commitments.

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