Brookfield Asset Management Inc

Highlights

• Fee-related earnings were $808 million, up 20% year over year, while distributable earnings were $707 million, up 15%; fee-bearing capital reached $672 billion, up 19% over the last 12 months.
• Fundraising reached a quarterly record of $77 billion, bringing year-to-date fundraising to $98 billion and the last-12-month total to $163 billion.
• Credit raised $51 billion, including $45 billion from Brookfield Wealth Solutions; infrastructure and energy raised $12.5 billion, private equity raised $8.9 billion, and the infrastructure debt strategy raised $600 million.
• The company deployed $21 billion and monetized $11 billion during the quarter, with more than $10 billion of transactions already announced or under contract.
• The reported margin was 57% for the quarter and 58% over the last 12 months; management said Oaktree's consolidation will lower the consolidated margin beginning next quarter because of business mix.
• Management expects 2026 fundraising to far exceed the prior high watermark, while the Brookfield Artificial Intelligence Fund is targeting $10 billion and a broader investment program capable of pursuing roughly $100 billion of opportunities.