Here’s Why SaltLight Capital Management is Holding Brookfield Corporation (BN)

SaltLight Capital, an investment management company, has released its “SaltLight SNN Worldwide Flexible FR Fund” Q2 2025 investor letter. A copy of the letter can be downloaded here. The Fund generated a return of +24.52% in the second quarter of 2025, and the cumulative return since inception was 119.28%. At the end of June, the firm had 38% allocated to the US and continues to find opportunities in South Africa, China, and Southeast Asia. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its second-quarter 2025 investor letter, SaltLight Capital highlighted stocks such as Brookfield Corporation (NYSE:BN). Brookfield Corporation (NYSE:BN) is an alternative asset manager and REIT/Real Estate Investment Manager firm. The one-month return of Brookfield Corporation (NYSE:BN) was 1.62%, and its shares gained 41.02% of their value over the last 52 weeks. On September 08, 2025, Brookfield Corporation (NYSE:BN) stock closed at $66.62 per share, with a market capitalization of $109.77 billion.

SaltLight Capital stated the following regarding Brookfield Corporation (NYSE:BN) in its second quarter 2025 investor letter:

“Private credit markets, backed by institutional investors rather than traditional banks, are set to take over. One of our portfolio companies, Brookfield Corporation (NYSE:BN), is actively engaged in this area as an alternative investment manager specialising in infrastructure projects. In their latest investor letter, Brookfield recently5 revealed a remarkable commitment of $200 billion in capital over the next five years to just seven major projects: $75 billion in the US, $40 billion in Europe, $20 billion in the UK, and $50 billion in Canada. Although these figures are substantial, they will only cover 6 gigawatts (GW) of power capacity.

While staggering, the debt funding cycle still appears to be in its early phases.

The primary risk for our portfolio is that we are now on both sides of the customer and capital provider, and across the capital structure. We find reassurance in Brookfield’s expertise in infrastructure finance. In their renewable financing, they typically mitigate risks by “hedging” out specific risks via off-take agreements or derivatives over the asset’s lifetime. This results in a healthy yet low-risk cash flow stream over ten or more years. We anticipate similar strategies being applied to this opportunity set.

Brookfield has a distinct advantage, in addition to its funding, to deliver an energy solution for the power bottleneck. As the world’s largest owner of renewable assets, it can also provide nuclear capabilities through its investment in Westinghouse…” (Click here to read the full text)

In another article, we covered Brookfield Corporation (NYSE:BN) and shared Pershing Square Holdings’ views on the company. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.