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Teskey categorised India as one of its high growth markets
Brookfield Asset Management expects its total assets under management in India to reach $100 billion in the next five years, an over three times growth, with a majority of the incremental growth coming through acquisitions (fresh investments) bolstered by a significant organic contribution, said Connor Teskey, President of the global investment firm which manages assets of around $1 trillion.
Teskey categorised India as one of its high growth markets, “that are attracting increasing amounts of capital and have tremendous tailwinds and fantastic opportunities….” While global AUM is seen doubling in five years, ‘It is not unreasonable in our minds to suggest that in that same five-year time frame, we would triple or quadruple our business here,’ he said.
He described India as a market “where there is now no limit on how much we are willing to invest.”
Brookfield currently has assets of $30 billion in India, of which $15 billion is in infrastructure, $12 billion in real estate, $3 billion in renewable and transition assets and $3.6 billion in private equity, and special investments.
Globally growth for the asset manager is driven by renewable power, infrastructure, real estate, credit, and private equity. Teskey said, “Brookfield is fortunate today to have a leading position in the largest and most attractive components of the alternatives markets.
Decarbonisation, digitalisation and deglobalisation are the trends with which its investments are aligned, and “while these have been trends that have really driven significant amount of growth in our business over the last five years, we very much feel that we are still in the early days of a multi-decade runway in terms of growth opportunities within each of these dynamics,” he added.
India focus
In India, infrastructure is a focus and within that energy and renewables, as well as digital infrastructure, transportation, and utilities. “There is no limit to the scale of opportunity. I would say it’s very much broad-based. And we also look at midstream and power generation as well. So, it’s very broad-based across all the major infrastructure asset classes,” Teskey said.
He said India was a beneficiary of the global shift in supply chain models from single supplier to multiple supplier points.
“And given the depth of the domestic demand here in India, the quality of the economy, the general macroeconomic stability and economic tailwinds, as people are looking for alternative or additional places to produce critical goods and services around the world, we see India as an absolute major beneficiary,” he said.
“We’re seeing across our business and across the asset classes that we operate, increasingly a lot of global corporations are building out operations, supply chains, capability centres in the Indian market. That is a trend we do not see slowing down.”
Brookfield is also a big investor in data centres, telecom tower and fibre networks. “And all of that will continue to be enhanced and built out in India as the economy continues to grow, both due to domestic demand and the growing role that it can play around the world.”
“So we will look to invest in India very much in the same themes and focuses that we invest in around the world.”
Its portfolio in India includes the country’s longest privately-owned cross-country gas pipeline of 1,480 kms, originating from the Krishna Godavari Basin and traversing to Maharashtra and out to Gujarat. That investment was continuing to perform well for Brookfield, and Teskey said that they would look at more opportunities in that space.
It has been reviewing port opportunities in India and Teskey said Brookfield would be open to investing in all major forms of transportation in the country.
Published on May 22, 2025
This article first appeared on The Hindu Business Line
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