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Brookfield Asset Management looks to develop post-2025 growth strategy

Brookfield Asset Management Inc. executives are beginning to turn their attention toward the company's growth potential beyond 2025.

The company's growth rate has exceeded many of its competitors for a number of years, CEO Bruce Flatt wrote in a Feb. 15 shareholder letter. But in the next seven-to-10 years, Flatt believes Brookfield will be in the same place as the broader industry while also distributing more capital than it currently does. As a result, the company's leadership team has started to think about how it can continue to grow in 2025 and beyond.

"We can meet, we think, the returns that we have set out for the company [in the next seven years]," Flatt said during a fourth-quarter 2017 earnings conference call. "Post that, we need to figure it out, but we have a long time to figure that out."

In the meantime, Flatt said the company will continue to expand through product additions, investment capabilities and fundraising.

The company is coming off a year in which it deployed $15 billion across multiple geographies. Brookfield, which also expects to launch another private equity fund in the first half of 2018, posted net income of $4.56 billion in 2017, up from $3.34 billion in 2016.

The company's board also increased Brookfield's quarterly dividend to 15 cents per share from 14 cents per share. The company may be open to expanding its capital return offerings to shareholders in the future, but the company's current capital on hand is an "enormous competitive advantage," CFO Brian Lawson said.

"This business keeps getting bigger, and we can use the capital we have to keep building a bigger franchise," he said.