Brookfield Asset Management PIC BMG, LLC: Manager Rating and Record

The funds

Insurance-dedicated funds managed by Brookfield

Funds and platform series in our database that file a Form D under an insurance-dedicated name and are managed by this adviser. Gross assets are as reported in the latest Form ADV that lists each fund.

Brookfield

Brookfield Insurance Dedicated FundInfrastructure and real assets · SALI platformUSD 294.2 million

Brookfield

Brookfield Insurance Dedicated Fund IIIInfrastructure and real assets · SALI platformUSD 214.7 million

Brookfield

Brookfield Real Estate Insurance Dedicated FundReal estate · SALI platformUSD 184.1 million

The rating

Why Brookfield Asset Management PIC BMG, LLC has two stars

Brookfield runs USD 912 million of regulatory assets and has been registered with the SEC since 2021. The one matter in its Form ADV concerns another company in its group or an individual, not Brookfield Asset Management PIC BMG itself. Its three rated insurance-dedicated funds range from two to three stars. In most of them little or none of the assets were valued last year by a firm outside the group, and on its own that rules out five stars.

The rating looks only at the areas below, which matter to a family holding this manager's funds through a private placement policy. Past returns play no part: these funds do not report them in their SEC filings, and they say little about what a policy will earn.

Conduct and regulatory record

What regulators and courts have recorded against the manager, and for platform series against the platform, as the advisers report it to the SEC. Several proceedings on one set of facts count as one matter. Recent and serious matters count most, matters of other companies in the group count for less, matters of individuals are weighed by the person's role and their bearing on the business, and the size of the firm is taken into account.

Reported controls

What the adviser reports to the SEC for the fund: whether the accounts are audited every year by an accountant registered with the PCAOB and subject to its regular inspection, whether audited statements go to investors and what the audit opinion says, whether the administrator and custodian are outside the adviser's group, and what share of the assets was valued last year by a person not related to the adviser.

Depth and experience of the manager

The assets the manager runs, its investment staff and how long it has been registered with the SEC.

PPLI.comManager Rating

Investor experience. What policyholders, insurers and advisers tell us is shown separately and never changes the stars. A factual point they raise is checked against the filings, and if it holds, the data is corrected. We never publish names. Tell us about yours

The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the fund or its manager, not a credit rating, not a forecast of returns and not investment advice. Read about the rating.

The adviser at a glance

Registration and size

Identity

Legal nameBrookfield Asset Management PIC BMG, LLC

SEC registrationRegistered investment adviser, 801-120758 IAPD

CRD number312797

Latest Form ADV10 July 2026 ADV

Registered with the SEC since9 April 2021

Assets and staff, as filed

Regulatory assets under managementUSD 912,000,000

Of which discretionaryUSD 813,000,000

Employees1,096

Of which investment advisory staff1,096

Private funds listed in Schedule D1

Regulatory assets are calculated under the SEC's Form ADV instructions and include all funds and accounts the adviser manages, not only those open to insurers. Figures come from the SEC's adviser files of November 2026.

The record

Regulatory and legal record

What the adviser itself discloses in Item 11 of its Form ADV, summarised from the disclosure pages, with a link to the filing. Item 11 is filed for the adviser as a whole, so under each matter the fund it concerns is read from the disclosure itself.

202119 March 2021

Regulatory action by Securities and Exchange Board of India (SEBI): civil penalty

Fund concerned: none named in the filing. The matter concerns another company in the group, not a specific fund, and none of the insurance-dedicated funds in this file is named.

The Securities and Exchange Board of India ("SEBI") alleged that: (1) Penbrook Capital Advisors private Limited ("Penbrook"), the Investment manager of peninsula Brookfield India real estate Fund (the "Fund") and a joint venture between (I) Brookfield Capital Partners Ltd (Bermuda), a wholly owned subsidiary of Brookfield Asset Management Inc., and (II) peninsula land Ltd, a third-party real estate developer); (2) the current and former directors of Penbrook, including anuj ranjan (former director) and sridhar rengan (current director); and (3) peninsula Brookfield trustee private Limited, (the trustee of the Fund, having the same shareholders as Penbrook) ((1), (2) and (3) collectively, ...

Securities and Exchange Board of India (SEBI) · Settled 28 January 2022 · USD 114,865 · Concerns another company in the group · Form ADV, Item 11 disclosure

These are the matters Brookfield Asset Management PIC BMG, LLC reports in Item 11 of its Form ADV, filed 10 July 2026. A reported matter is a fact disclosed by the adviser, not a finding by PPLI.com. None of them concerns the insurance-dedicated funds listed above.

Reader rating

How would you rate Brookfield Asset Management PIC BMG, LLC?

Tap a star to give your own rating, from one to five, then add your name and email and, if you wish, a comment. Reader ratings are shown separately and never change the PPLI.com Manager Rating, which rests only on what the filings report.

Loading reader ratings.

Your name

Your email

Your comment, if you have one

Your name and email are used only if the research desk needs to reply, and are never published. Comments go to the desk, which checks any factual point against the filings.

Brookfield Asset Management PIC BMG, LLC

Insurance-dedicated funds managed by Brookfield

Why Brookfield Asset Management PIC BMG, LLC has two stars

Conduct and regulatory record

Reported controls

Depth and experience of the manager

Registration and size

Identity

Assets and staff, as filed

Regulatory and legal record

Regulatory action by Securities and Exchange Board of India (SEBI): civil penalty

How would you rate Brookfield Asset Management PIC BMG, LLC?

Sources

About this file

Tell us about yourself

How can we help?

Thank you