It depends. If you mean that their LP position in the BAM managed funds are zero, then that would be bad for BAM as it would hit management fees, carry and impair their ability to raise future funds. If you mean the direct holdings that BN owns on balance sheet, there would be no impact on BAM.
It depends. If you mean that their LP position in the BAM managed funds are zero, then that would be bad for BAM as it would hit management fees, carry and impair their ability to raise future funds. If you mean the direct holdings that BN owns on balance sheet, there would be no impact on BAM.
Interesting article. On the hypothetical scenario that BPG is worth $0, do you know what would be the hit to BAM?