Brookfield Asset Management delivered a record quarter, raising $30bn and deploying $23bn in Q3 2025, as strong investor demand for private markets helped push earnings to new highs.

Net income attributable to shareholders rose 33% year-on-year to $724m, while fee-related earnings climbed 17% to a record $754m. Distributable earnings rose 7% to $661m for the quarter, driven by higher management fees and strong realisations across Brookfield’s infrastructure and transition portfolios.Fee-bearing capital reached $581bn, up 8% from a year earlier, supported by inflows into Brookfield’s infrastructure, credit, and energy transition funds.

During the quarter, Brookfield closed its $20bn Global Transition Fund II, the world’s largest private energy transition vehicle, and announced plans to launch its seventh private equity flagship and sixth infrastructure fund in 2026. The firm also expects to hold a first close for its inaugural AI Infrastructure Fund before year-end.

In parallel, Brookfield announced the acquisition of the remaining 26% stake in Oaktree Capital for $3bn to create a fully integrated global credit platform. The transaction is expected to close in the first half of 2026.

The company also completed its acquisition of a majority stake in US mortgage lender Angel Oak and secured regulatory approval for Brookfield Wealth Solutions’ acquisition of UK insurer Just Group, which will add $36bn in assets under management.

Brookfield ended the quarter with $1tn in assets under management and $125bn in uncalled commitments, including $55bn yet to generate fees. The firm declared a quarterly dividend of $0.4375 per share, payable on 31 December 2025.

The results highlight Brookfield’s position as one of the world’s largest and fastest-growing alternative asset managers, driven by continued demand for infrastructure, credit, and energy transition investments.

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