I'm happy if it was useful - I was worried it was too dense. I don't recall detailed discussion of this on the investor day transcripts, but on the 4q call BAM said this about software in private equity and credit:
"Within our private equity portfolio, we have less than 1% exposure to software businesses. Within our credit business, our focus has been on areas of expertise such as infrastructure and real estate credit, real asset lending and asset-backed finance where we get benefits from the Brookfield ecosystem, and we have no software exposure. And then within our corporate credit portfolio, we've been actively positioning to where we see the best risk-adjusted returns. And as such, our opportunistic credit strategies have very little software exposure and our performing credit strategies are significantly underweight relative to indices."
I can post my 4q notes if that would help - similar format to this article.
Thank you! Really nice. Any commentary on the private credit narrative with respect to non accruals and software valuations?
I'm happy if it was useful - I was worried it was too dense. I don't recall detailed discussion of this on the investor day transcripts, but on the 4q call BAM said this about software in private equity and credit:
"Within our private equity portfolio, we have less than 1% exposure to software businesses. Within our credit business, our focus has been on areas of expertise such as infrastructure and real estate credit, real asset lending and asset-backed finance where we get benefits from the Brookfield ecosystem, and we have no software exposure. And then within our corporate credit portfolio, we've been actively positioning to where we see the best risk-adjusted returns. And as such, our opportunistic credit strategies have very little software exposure and our performing credit strategies are significantly underweight relative to indices."
I can post my 4q notes if that would help - similar format to this article.