Brookfield Asset Management raised a record USD 77 billion in capital in the second quarter of 2026, the investment firm announced during an earnings call. This increases its assets under management to over USD 1 trillion. Year-to-date, the investor has raised USD 98 billion, which is more than half of the total capital raised by Brookfield in the previous year. Additionally, USD 21 billion was invested last quarter.
Brookfield's seventh flagship private equity fund raised USD 6.7 billion during the quarter, while its sixth flagship infrastructure fund attracted USD 9.3 billion. This puts both on track to become the largest funds of their respective vintages. The company also secured USD 5 billion in commitments for its inaugural AI Infrastructure Fund.
Focus on AI Infrastructure and Real Estate
In another AI-focused venture, Brookfield expanded its financing framework with Bloom Energy for AI infrastructure power projects to USD 25 billion, a significant increase from the USD 5 billion commitment made in October 2025. Sikander Rashid, Brookfield's Global Head of AI Infrastructure, emphasised their ability to acquire and permit land for power plants, develop and operate large AI factories, provide on-site and baseload power, supply contracted computing power, and partner with key players, including semiconductor manufacturers and hyperscalers. He added that not many firms could bring all of this together.
In the real estate sector, Brookfield raised USD 4.3 billion in segment funds and invested USD 5.2 billion. This included the purchase of a privately held US portfolio of manufactured homes and the privatisation of a portfolio of external industrial warehouse spaces. Brookfield also finalised the acquisition of Oaktree by purchasing the remaining 26 percent stake for approximately USD 3 billion. This move is expected to strengthen Brookfield's credit business.
Connor Teskey, CEO of Brookfield, who assumed the position in February, stated that the upside potential for this business lies in revenue, particularly in the ability to integrate Oaktree into Brookfield's broader distribution, product development, and multi-asset programmes with its largest partners. Net income rose to USD 1.17 billion last quarter, almost doubling year-on-year, and reached just over USD 3 billion over the past 12 months. Fee-related earnings, a measure of the company's core profitability, increased by 20 percent year-on-year to USD 808 million. Distributable earnings, the capital generated that can be returned to shareholders, grew by 15 percent year-on-year to USD 707 million.
