Hadley Peer Marshall
CFO & Managing Partner of Infrastructure at Brookfield Asset Management
This was offset by $18,000,000,000 of capital return to clients and $9,000,000,000 of changes to mark to market valuations. All in FBC grew by 18% over the past year or $82,000,000,000 to a total of $539,000,000,000 For the fourth quarter, we had our strongest organic fundraising quarter ever with $29,000,000,000 of capital raised across over 40 strategies. Breaking it down by group, in our Renewable Power and Transition business, we raised over $4,000,000,000 of capital in the quarter. This includes $3,500,000,000 for the second vintage of our Global Transition flagship strategy, which now stands at $14,000,000,000 We expect to hold a final close for this fund in the first half of twenty twenty five. In our infrastructure business, we raised $2,500,000,000 of capital in the quarter, including $700,000,000 for our super core infrastructure strategy, our strongest quarter in over two years.