RVBA-BAM

Brookfield Asset Management — full event log

Every event we have on file across every reporting year. The Data-by-year tab summarises the top 10 per year; this page shows them all.

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2026· 1 event

CEO transition - Connor Teskey appointed CEOData confidence — high

Connor Teskey was appointed as CEO on February 3, 2026, replacing Bruce Flatt who remains Chair of BAM and CEO of controlling shareholder BN.

sustainability_report p.44

2025· 15 events

€20 billion AI infrastructure program in FranceData confidence — high

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.

sustainability_report p.16

Announced acquisition of remaining stake in OaktreeData confidence — high

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

sustainability_report p.4

Inaugural senior notes offerings totaling $2.5 billionData confidence — high

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.

sustainability_report p.17

Launched $100 billion global AI Infrastructure program with NVIDIA and KIAData confidence — high

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.

sustainability_report p.17

Brookfield Wealth Solutions announced acquisition of Just GroupData confidence — high

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.

sustainability_report p.4

Launch of $100 billion AI infrastructure programData confidence — high

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.

sustainability_report p.5

$80 billion Westinghouse-US government nuclear partnership announcedData confidence — high

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.

sustainability_report p.5

Acquired 51.3% economic interest in Angel OakData confidence — high

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.

sustainability_report p.16

Announced Oaktree Acquisition for ~$3 billionData confidence — high

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.

sustainability_report p.16

CEO transition: Connor Teskey appointed CEOData confidence — high

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.

sustainability_report p.17

€20 billion AI infrastructure investment program in France by 2030Data confidence — high

On February 10, 2025, BAM announced a €20 billion infrastructure investment program for AI infrastructure deployment in France, including up to €15B in data centers via Data4 and €5B in associated infrastructure including energy generation. Targeted delivery by 2030.

sustainability_report p.17

2025 Arrangement: BAM acquires 100% of Asset Management CompanyData confidence — high

On February 4, 2025, BAM completed a corporate restructuring whereby BN transferred its approximate 73% interest in the Asset Management Company to BAM in exchange for newly issued Class A Shares. BAM now owns 100% of the Asset Management Company. Will be accounted for as a reverse asset acquisition with BAM ULC as accounting acquirer; historical financial statements going forward will be those of BAM ULC.

sustainability_report p.16

2025 Arrangement: BN transferred 73% asset management interest to BAMData confidence — high

On February 4, 2025, BAM completed a corporate restructuring with BN whereby BN transferred its approximate 73% interest in the asset management business to BAM in exchange for newly issued Class A Shares on a one-for-one basis. After the 2025 Arrangement, BAM owns 100% of Brookfield's asset management business, and BN owns approximately 73% of BAM Class A Shares. Accounted for as a reverse asset acquisition with the Asset Management Company as the predecessor.

sustainability_report p.17

Net-zero by 2050 ambition stated in Sustainability Policyaffects net zero target yearData confidence — med

Brookfield Asset Management's Sustainability Policy (May 2025) supports the ambition of reaching net-zero GHG emissions by 2050 or sooner. Framed as an ambition rather than a firm validated target.

sustainability_report p.2

Closed BGTF II flagship energy transition fund at $20 billionData confidence — high

On October 7, 2025, Brookfield announced the final institutional close for its flagship energy transition strategy, BGTF II, with $20 billion raised in fund commitments, plus $3.5 billion of co-investment, bringing total to ~$23.5 billion. Supports decarbonization-aligned capital deployment.

sustainability_report p.16

2024· 12 events

Expanded financed emissions coverage to 61% of non-controlled AUMaffects scope 3 investmentsData confidence — high

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.

sustainability_report p.61

Acquired new asset manager partner contributing to financed emissionsaffects scope 3 investmentsData confidence — high

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.

sustainability_report p.61

AEL Mandate increases Fee-Bearing Capital by $49BData confidence — high

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.

sustainability_report p.17

Castlelake stake acquired for ~$489MData confidence — high

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.

sustainability_report p.18

Pinegrove Ventures (formerly SVB Capital) acquiredData confidence — high

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

sustainability_report p.18

Head office moved to New York, NYData confidence — high

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

sustainability_report p.18

Increased AUM in 2030 interim target by $62BData confidence — high

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.

sustainability_report p.56

Restated 2023 financed emissionsaffects scope 3 investmentsData confidence — high

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

sustainability_report p.88

Restated 2023 business air travel emissionsaffects scope 3 business travelData confidence — high

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

sustainability_report p.88

Launched Catalytic Transition Fund for emerging marketsData confidence — high

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.

sustainability_report p.9

Added 'Decarbonization Journey' and 'Achieving Full Potential' categories to ANZFData confidence — high

Added two new categories to the Achieving Net Zero Framework to distinguish assets along a decarbonization journey even when not feasible to immediately conform to a net-zero aligned pathway.

sustainability_report p.45

Subsequent acquisition of additional 4.5% in OaktreeData confidence — high

On March 1, 2024, other investors of Oaktree exercised their put option resulting in the Company acquiring an additional 4.5% interest for $523 million, increasing ownership from approximately 68% to approximately 72%.

sustainability_report p.156

2023· 5 events

Pending acquisition of American Equity Investment Life (AEL)Data confidence — high

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.

sustainability_report p.72

Increased Oaktree ownership from 64% to 68%Data confidence — high

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

sustainability_report p.44

Reclassified fugitive emissions from scope 2 to scope 1affects scope 1 co2eData confidence — high

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.

sustainability_report p.88

Launched Catalytic Transition Fund (CTF) at COP28Data confidence — high

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.

sustainability_report p.21

Increased NZAM interim target by $54B AUM to $201BData confidence — high

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).

sustainability_report p.20

2022· 2 events

Spin-off from Brookfield Corporation completed December 2022Data confidence — high

On December 9, 2022, Brookfield Corporation completed the Arrangement spinning off Brookfield Asset Management Ltd. as a separately listed pure-play alternative asset manager. The Manager holds 25% interest in the Asset Management Company; Corporation retains 75%. 2023 was the first year as a standalone listed company.

sustainability_report p.29

2022 Arrangement: BAM spin-off from Brookfield CorporationData confidence — high

On December 9, 2022, BN completed the spin-off of 25% of its interest in the Asset Management Company to BAM. BAM was incorporated July 4, 2022 specifically to facilitate this. This affects comparability of pre-2023 financials, which are presented on a combined standalone basis.

sustainability_report p.16

2021· 3 events

Signed Net Zero Asset Managers initiativeData confidence — high

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.

sustainability_report p.18

Net-zero by 2050 ambition set for operationally managed investmentsData confidence — high

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.

sustainability_report p.24

Net-zero ambition by 2050 across Operationally Managed investmentsData confidence — high

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.

sustainability_report p.40