Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Why Private Equity Is Concerning

9 Dec 2024 · 0 min

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Richard Canfield warns that private equity firms like Brookfield are moving into life insurance. He points to Brookfield's acquisition of American National as a sign that PE may strip assets from insurers to prop up struggling commercial real estate investments.

Be coming out. Major concern of mine is private equity getting involved into life space. One of the biggest asset managers actually in the world is actually Brookfield out of Toronto. That's a real huge concern of mine because what they're doing is they're buying companies like they bought American national, which is a big, family owned, very well run company, by the way. This is not going to end well because they're using the assets from the company to shore up their balance sheet for a lot of their commercial real estate.