BROOKFIELD ASSET MANAGEMENT LTD Q1 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Cherilyn Radbourne - TD Securities Equity Research - Analyst : Firstly, now that you've been separated from your parent company. I was wondering if that separation will include the opportunity to work for third-party insurance clients, and how you might see that evolve over time including whether that would be additive to the 5-year plan to get to $1 trillion of SBC?

Question: Cherilyn Radbourne - TD Securities Equity Research - Analyst : My second question is kind of related. The alternative space was clearly already consolidating based on the preference among clients to manage fewer GP relationships, as I think you know in the letter. And I can only imagine that this difficult fundraising environment will only accelerate that trend. So I was just hoping you could comment on how likely you think it is that BAM makes an acquisition over the next, say 5 years? And again, whether that would be additive to the $1 trillion? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MAY 10, 2023 / 3:00PM, BAM.N - Q1 2023 BROOKFIELD ASSET MANAGEMENT LTD Earnings Call

Question: Geoffrey Kwan - RBC Capital Markets, Research Division - Analyst : My first question was on AI, just given it's getting talked about all the time there. But how do you think about that impacting BAM? Whether or not it's maybe incorporating into due diligence, investment decision-making process, how it can help performance of companies that you own and invest in? And also, 2 is, whether or not it could be a threat to some of the businesses that you own and may decide to monetize it or adjust it accordingly?

Question: Geoffrey Kwan - RBC Capital Markets, Research Division - Analyst : Okay. That's helpful. And then just my second question was, as you're going up fundraising on Global Transition Fund 2, just was wondering if there is any kind of interesting key learnings you had as you deployed capital on Fund 1? Say, for example, like areas that you found opportunities that were maybe more attractive than you expected and whatnot? Or if there is other things that you, like I said, you got from the investments you did in Fund 1?