Brookfield plans to raise India bet to $100 billion over the next 5 years

New York-based Brookfield Asset Management aims to quadruple India exposure to $100 billion as part of its plan to double global AUM to $2 trillion in five years

Brookfield Asset Management plans to ramp up its investments in India to $100 billion over the next five years, from $30.6 billion currently, as part of a broader strategy to double its global assets under management (AUM), President Connor Teskey said on Thursday. 

The New York-based alternative asset major, which manages more than $1 trillion across renewables, infrastructure, private equity, real estate, and credit, expects its global AUM to reach $2 trillion within the same timeframe. 

“We expect our global business to more than double over the next five years,” said Teskey, 38, who is widely expected to become Brookfield’s