CEO Connor Teskey said the $1.2 trillion asset manager’s fee-bearing capital rose 12% to $614 billion, after Brookfield raised $21 billion in the first quarter.
He pointed to new revenue from flagship private equity and infrastructure fundraising, a $40 billion Just Group asset-management mandate, and closing the remaining Oaktree Capital acquisition.
Brookfield said its limited software and retail private-credit exposure helped shield it from stress hitting higher-rate credit markets, where Oaktree executives said opportunities are only beginning to emerge.
As Brookfield courts both giant insurers and retail investors, how does it balance their vastly different risk appetites?
With its massive bet on the AI boom, how will Brookfield avoid the capital destruction that plagued past technology gold rushes?
How will Brookfield's $500M OpenAI deal transform its traditional industrial businesses beyond just financial returns?