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Brookfield Asset Management — in detail

Full extracted data, every event in the company's history we've captured, and (soon) external news. The full ratios diagnostic with peer benchmarks lives at /ratios.

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External news· 1 ESG-tagged · GDELT

tagged categories: climate · governance · controversy · M&A · regulatory

Source: GDELT 2.0 DOC API · ESG-keyword filtered · 3-month trailing window.

Data by year· every metric + key events per year

Each year shows the firm's reported metrics on the left and the most material events on the right. Up to 10 events per year; the full event log is one click further.

2025

annual report ↗sustainability report ↗

P&L highlights (USD)

Revenue	4.9B
Cost of revenue	(334.8M)
Gross profit	4.6B
Operating expenses (S&M + G&A)	(1.7B)
Operating income	2.8B
Net income	2.5B

Balance sheet highlights (USD)

Property, plant & equipment	0
Total assets	17.2B
Total debt	3.7B
Cash & equivalents	1.6B
Minority interest	1.4B

Market & shares

Market cap (FY-end)	84.5B
Shares outstanding	1.6B

Events 2025· 15

€20 billion AI infrastructure program in France

On February 10, 2025, Brookfield announced a €20 billion infrastructure investment program to support deployment of AI infrastructure in France, including up to €15 billion of data center investment led by Data4. Total investment projected to be delivered by 2030.

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Announced acquisition of remaining stake in Oaktree

Brookfield announced acquisition of the remaining stake in Oaktree, an alternative credit manager. Will contribute to approximately $200 million of annualized fee-related earnings.

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Inaugural senior notes offerings totaling $2.5 billion

BAM completed three senior notes offerings during 2025 totaling $2.5 billion: $750M 5.795% notes due 2035 (April), $750M 6.077% notes due 2055 (September), and $600M 4.653% notes due 2030 plus $400M 5.298% notes due 2036 (November). First corporate borrowings since formation.

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Launched $100 billion global AI Infrastructure program with NVIDIA and KIA

On November 19, 2025, Brookfield announced the launch of a $100 billion global AI Infrastructure program in partnership with NVIDIA and the Kuwait Investment Authority, anchored by BAIIF with $10 billion target equity commitments and $5 billion already received.

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Brookfield Wealth Solutions announced acquisition of Just Group

Brookfield Wealth Solutions announced the acquisition of Just Group, a UK retirement income provider. Expected to close in first half of 2026. BAM will become investment manager for a significant portion of the Just Group portfolio.

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Launch of $100 billion AI infrastructure program

BAM launched a $100 billion global program focused on building data centers, compute capacity and power generation for AI. Includes AI infrastructure fund targeting $10 billion with $5 billion committed including from NVIDIA and Kuwait Investment Authority.

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$80 billion Westinghouse-US government nuclear partnership announced

BAM announced an $80 billion strategic partnership between Westinghouse and the U.S. government to support deployment of new nuclear power capacity in the U.S., providing low-carbon baseload generation.

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Acquired 51.3% economic interest in Angel Oak

On October 2, 2025, BAM acquired a 51.3% economic interest in Angel Oak, a leading asset manager specializing in mortgage and consumer products, for total cash consideration of approximately $149 million. Reinforces credit platform.

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Announced Oaktree Acquisition for ~$3 billion

On October 13, 2025, Brookfield and Oaktree announced an agreed transaction whereby Brookfield will acquire the approximately 26% interest in Oaktree it does not already own for total consideration of approximately $3 billion. Expected to close in first half of 2026, subject to regulatory approvals.

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CEO transition: Connor Teskey appointed CEO

On February 4, 2026, BAM appointed Connor Teskey as Chief Executive Officer, with Bruce Flatt continuing as Chair of the Board. Mr. Teskey was also CEO of Renewable Power and Transition.

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see 5 more events →

2024

integrated report ↗annual report ↗

Climate · carbon footprint (tCO2e)

Scope 1	322
Scope 2 (market-based)	1,793
Cat 6 · Business travel	11,182
Cat 15 · Investments	35.3M
Gross carbon footprint	—
Net carbon footprint	—

P&L highlights (USD)

Revenue	4B
Cost of revenue	(1.2B)
Gross profit	2.8B
Operating expenses (S&M + G&A)	(64M)
Operating income	2.8B
Net income	2.2B

Balance sheet highlights (USD)

Property, plant & equipment	0
Total assets	4.4B
Total debt	219M
Cash & equivalents	12M
Minority interest	31M

Market & shares

Market cap (FY-end)	88.7B
Shares outstanding	1.6B

Events 2024· 12

Expanded financed emissions coverage to 61% of non-controlled AUM

Improved emissions coverage from 48% to 61% of non-controlled investments. Reported financed emissions increased to 35.3M mtCO2e from 13.8M mtCO2e, with 28% of increase from a new asset manager partner acquired late 2024 and 72% from improved coverage.

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Acquired new asset manager partner contributing to financed emissions

28% of the year-over-year increase in financed emissions represents Brookfield's share of emissions from a new asset manager partner acquired near the end of 2024.

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AEL Mandate increases Fee-Bearing Capital by $49B

BWS completed acquisition of AEL on May 2, 2024. BAM issued ~28.8M Class A Shares to BN in exchange for 28.8M shares of Asset Management Company, increasing BAM's ownership from 25% to 27%. Resulted in $49 billion of new Fee-Bearing Capital under management.

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Castlelake stake acquired for ~$489M

Acquired 51% stake in Castlelake's fee-related earnings, 7.5% in carried interest, 20% of returns from GP commitments, and 51% of GP commitments for in-market and future Castlelake funds for ~$489M cash.

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Pinegrove Ventures (formerly SVB Capital) acquired

Completed acquisition of SVB Capital investment platform business through Pinegrove Venture Partners, formed with Sequoia Heritage. Pinegrove manages approximately $10 billion in assets.

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Head office moved to New York, NY

On October 31, 2024, BAM announced it changed its head office from Toronto to New York, NY.

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Increased AUM in 2030 interim target by $62B

AUM in-scope for the 2030 interim target increased to $325B (49% of Operationally Managed) from $263B in prior year (42%). The majority ($49B) of the increase was attributable to newly added or acquired assets.

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Restated 2023 financed emissions

2023 financed emissions were restated in 2024 to reflect improvements in data quality and availability.

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Restated 2023 business air travel emissions

2023 air travel emissions were restated in 2024 to reflect improvements in travel data from data provider.

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Launched Catalytic Transition Fund for emerging markets

In 2024, Brookfield launched the Catalytic Transition Fund (CTF) with ALTÉRRA dedicated to facilitating the transition in emerging markets. Combined with Global Transition Funds, expected to raise $40 billion of equity capital.

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see 2 more events →

2023

annual report ↗

Climate · carbon footprint (tCO2e)

Scope 1	363
Scope 2 (market-based)	2,048
Cat 6 · Business travel	14,188
Cat 15 · Investments	13.8M
Gross carbon footprint	—
Net carbon footprint	—

P&L highlights (USD)

Headcount (FTE)	2,690people
Revenue	4.1B
Cost of revenue	(1B)
Gross profit	3B
Operating expenses (S&M + G&A)	(56M)
Operating income	3B
Net income	1.8B

Balance sheet highlights (USD)

Property, plant & equipment	0
Total assets	3.2B
Total debt	256M
Cash & equivalents	9M
Minority interest	9M

Market & shares

Market cap (FY-end)	62.5B
Shares outstanding	1.6B

Events 2023· 5

Pending acquisition of American Equity Investment Life (AEL)

On July 5, 2023, Brookfield Reinsurance and AEL entered into a merger agreement. Subject to closing, the Manager's interest in the Asset Management Company increases from 25% to ~27% and adds approximately $50 billion of insurance AUM.

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Increased Oaktree ownership from 64% to 68%

During 2023, Brookfield Asset Management ULC acquired an incremental 4% ownership interest in Oaktree, increasing ownership from approximately 64% to approximately 68%.

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Reclassified fugitive emissions from scope 2 to scope 1

Historically fugitive emissions from leased facilities were reported in scope 2. In 2023, using guidance from the GHG Protocol, started reporting fugitive emissions from all facilities (owned & leased) under scope 1. 2019 figures restated.

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Launched Catalytic Transition Fund (CTF) at COP28

At COP28, Brookfield and ALTÉRRA announced the creation of a multi-billion dollar Catalytic Transition Fund deploying capital exclusively into emerging and developing markets focused on energy transition, industrial decarbonization, sustainable living and climate technologies.

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Increased NZAM interim target by $54B AUM to $201B

In 2023, ahead of NZAM requirements, Brookfield increased its interim target commitment by $54 billion of AUM. Updated commitment is to reduce emissions across $201 billion of AUM by at least 50% from a 2020 base year (covering Scope 1 and 2 of portfolio companies).

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2022

Climate · carbon footprint (tCO2e)

Scope 1	454
Scope 2 (market-based)	1,978
Cat 6 · Business travel	10,945
Gross carbon footprint	—
Net carbon footprint	—

P&L highlights (USD)

Revenue	3.6B
Cost of revenue	(700M)
Gross profit	2.9B
Operating expenses (S&M + G&A)	(81M)
Operating income	2.8B
Net income	1.9B

Balance sheet highlights (USD)

Property, plant & equipment	68M
Total assets	3.2B
Total debt	3M
Cash & equivalents	1M
Minority interest	0

Market & shares

Market cap (FY-end)	45.4B
Shares outstanding	1.6B

2021

Climate · carbon footprint (tCO2e)

Scope 1	365
Scope 2 (market-based)	1,987
Cat 6 · Business travel	2,646
Gross carbon footprint	—
Net carbon footprint	—

P&L highlights (USD)

Headcount (FTE)	2,380people
Revenue	3.1B
Cost of revenue	(703M)
Gross profit	2.4B
Operating expenses (S&M + G&A)	(132M)
Operating income	2.3B
Net income	1.9B

Balance sheet highlights (USD)

Property, plant & equipment	48M
Total assets	25.6B
Total debt	461M
Cash & equivalents	2.5B
Minority interest	4.5B

Market & shares

Market cap (FY-end)	51.5B
Shares outstanding	1.6B

Events 2021· 3

Signed Net Zero Asset Managers initiative

Brookfield has been a signatory to NZAM since 2021, committing to support the goal of net-zero GHG emissions by 2050 or sooner, aligned with the Paris Agreement.

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Net-zero by 2050 ambition set for operationally managed investments

In 2021, Brookfield set an ambition to reach net-zero GHG emissions by 2050 or sooner across operationally managed investments. Notably, the ambition is scoped only to assets where Brookfield has direct operational influence, not the full AUM portfolio.

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Net-zero ambition by 2050 across Operationally Managed investments

In 2021, Brookfield set an ambition to achieve net zero across its assets under management by 2050 across Operationally Managed investments. Interim target covers scope 1 and 2 emissions of select assets.

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2020

Climate · carbon footprint (tCO2e)

Scope 1	377
Scope 2 (market-based)	1,740
Cat 6 · Business travel	1,165
Gross carbon footprint	—
Net carbon footprint	—

P&L highlights (USD)

Headcount (FTE)	1,854people
Revenue	2.2B
Cost of revenue	(519M)
Gross profit	1.6B
Operating expenses (S&M + G&A)	(114M)
Operating income	1.5B
Net income	382M

Balance sheet highlights (USD)

Property, plant & equipment	21M
Total assets	22.5B
Total debt	4.8B
Cash & equivalents	2.1B
Minority interest	2.8B

Market & shares

Market cap (FY-end)	51.5B
Shares outstanding	1.6B