Brookfield Asset Management Reports $67B in Fresh Capital for 2026
Brookfield Asset Management (BAM) reported a strong first quarter for 2026, raising $67 billion in fresh capital year-to-date. Under new CEO Connor Teskey, who succeeded Bruce Flatt in February, the firm saw fee-related earnings rise 11% to $772 million. This growth was driven by two major flagship fund launches and a significant $40 billion insurance mandate secured through the acquisition of UK-based Just Group by Brookfield Wealth Solutions. With fee-bearing capital now totaling $614 billion, leadership expressed optimism about exceeding annual growth targets. Teskey highlighted accelerating recovery in real estate markets, particularly in hospitality, logistics, and housing, while noting improving fundamentals for office and retail sectors. Additionally, BAM is capitalizing on the artificial intelligence boom by focusing on physical infrastructure investments supporting AI technology. The company also nears completion of its long-standing acquisition of Oaktree Capital Management. Teskey emphasized that transaction activity and valuation recoveries are outpacing broader market headlines, positioning BAM for a record fundraising year.
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Brookfield Asset Management Reports $67B in Fresh Capital for 2026
Brookfield Asset Management (BAM) reported a strong first quarter for 2026, raising $67 billion in fresh capital year-to-date. Under new CEO Connor Teskey, who succeeded Bruce Flatt in February, the firm saw fee-related earnings rise 11% to $772 million. This growth was driven by two major flagship fund launches and a significant $40 billion insurance mandate secured through the acquisition of UK-based Just Group by Brookfield Wealth Solutions. With fee-bearing capital now totaling $614 billion, leadership expressed optimism about exceeding annual growth targets. Teskey highlighted accelerating recovery in real estate markets, particularly in hospitality, logistics, and housing, while noting improving fundamentals for office and retail sectors. Additionally, BAM is capitalizing on the artificial intelligence boom by focusing on physical infrastructure investments supporting AI technology. The company also nears completion of its long-standing acquisition of Oaktree Capital Management. Teskey emphasized that transaction activity and valuation recoveries are outpacing broader market headlines, positioning BAM for a record fundraising year.
Commercial Observer