"Brusker Corporation's field credit business is rising, with profits exceeding expectations and increasing by 11%."

Global asset management giant Bruker Corporation's Field Asset Management Company (BAM.US) raised approximately $29 billion in funds in the fourth quarter, with most of it coming from its credit business, which has become the largest driver of its growth. In terms of recent performance, the company stated in a statement on Wednesday that profit benchmarked that is, distributable profit increased by 11% year-on-year to $649 million, or 40 cents per share, slightly higher than the analysts' average expectation of 39 cents. Financial data shows that Bruker Corporation's Field Asset Management Company's credit department raised up to $20 billion in new funds in the fourth quarter, with nearly half of it coming from Oaktree Capital's funds and investment strategy portfolio, and another $6.6 billion coming from insurance clients. Bruker Corporation's global transformation funds raised approximately $3.5 billion, while its real estate flagship fund raised about $500 million. "In recent years, our credit business has seen significant growth across our entire business lines, and it has now become the largest single source of the assets we manage," said the CEO Bruce Flatt and President Connor Teskey in a letter to investors. Last year, the New York-based asset management giant established a new department that integrated its credit business in infrastructure and real estate loan funds, and formed partnerships with Oaktree Capital Management, European credit management firm LCM Partners, Primary Wave, Castlelake LP, and 17Capital. In recent years, alternative asset management companies have been expanding their businesses beyond private equity, becoming key players in the credit market. Blackstone Inc. and Apollo Global Management Inc. also see credit business as their largest business segment. In terms of other performance indicators, Bruker Corporation's Field's total capital amounts have surged to $539 billion, an 18% increase year-on-year but remained relatively flat compared to the third quarter. Financial data shows that Bruker Corporation's Field manages over $1 trillion in total assets. Flatt and Teskey wrote in the letter, "The conditions for capital deployment and monetization are very favorable," mentioning strong demand for investments in large AI data centers, telecom towers, fiber optics, and renewable energy. The company previously stated plans to invest 20 billion (approximately $20.7 billion) in developing data centers and AI infrastructure in France over the next five years, with most of it focused on investments associated with large data centers. Bruker Corporation's announcement of the 20 billion data center and AI infrastructure investment plan on February 10 is in line with French President Macron's announcement of the European version of the "Stargate" plan. Almost simultaneously, French President Macron announced plans to invest 109 billion in building AI infrastructure in France. Macron, on the eve of a two-day "AI summit" in Paris, stated that France would announce investments totaling 109 billion in AI projects over the next few years from companies, funds, and other sources. Macron also mentioned investments from funds in the United States and Canada. Last year, this top global asset management company relocated its headquarters from Toronto to New York in order to be included in more US stock indexes and attract larger wealthy investors. The US is Bruker Corporation's largest employee base and the main source of its sales and asset management scale. The company expects the composition of its board to "increasingly reflect our focus on the US market."