Brookfield Asset Management Ltd. raised a record $77 billion in new capital during the second quarter of 2026, the company announced Aug. 5, as institutional investors poured money into its credit, infrastructure and private equity strategies. The haul pushed year-to-date fundraising to $98 billion and set up what CEO Connor Teskey called the firm’s “best year ever.”
“We delivered a strong second quarter, with record fundraising of $77 billion, led by private equity, infrastructure, and credit,” Teskey said in the earnings release. “Fee-related earnings grew 20% to $808 million, and fee-bearing capital reached $672 billion, up 19% year-over-year, delivering performance above long-term targets.”
Credit strategies dominated the quarter’s haul, pulling in $51 billion, more than half of it tied to a single $40 billion mandate from British insurer Just Group PLC, routed through Brookfield Wealth Solutions, the asset manager’s insurance-linked capital arm. Infrastructure strategies raised $10 billion, private equity $8.6 billion, real estate $4.3 billion and energy transition strategies $2.5 billion.
Fee-related earnings, the recurring management-fee income that Brookfield’s public shareholders watch most closely, rose 20% year over year to $808 million. Distributable earnings, which strip out certain non-cash items, climbed 15% to $707 million. Net income for the quarter totaled $1.172 billion, bringing the trailing 12-month total to $3.065 billion.
Fee-bearing capital, the pool of assets on which Brookfield collects management fees, grew 19% year over year to $672 billion. The company’s board declared a quarterly dividend of $0.5025 per share, payable Sept. 29, 2026, to shareholders of record as of Aug. 31.
Brookfield’s real estate arm, while a smaller share of the quarter’s fundraising than credit or infrastructure, remains one of the largest property investors globally, with active platforms spanning logistics, data centers, multifamily housing and life sciences real estate. The company recently partnered with NextEra Energy on a $100 billion AI data center campus in Kentucky, part of a broader push into power-hungry digital infrastructure that has increasingly blurred the line between real estate investment and energy development.
The quarter’s results also reflect the completed integration of Oaktree Capital Management, whose remaining stake Brookfield acquired earlier this year. Teskey said the deal “strengthens our credit platform” and positions the company to capitalize on opportunities across credit cycles. Brookfield has also expanded a partnership with Bloom Energy to $25 billion and secured $17.5 billion in Department of Energy funding tied to nuclear technology deployment, underscoring the firm’s growing footprint in energy infrastructure alongside its traditional real estate and private equity businesses.
What it means
The record fundraising confirms that institutional capital continues to flow toward alternative asset managers even as public real estate markets navigate higher-for-longer interest rates. The scale of the Just Group mandate in particular shows insurers increasingly outsourcing large blocks of investment capital to managers like Brookfield that can deploy across credit, infrastructure and real assets simultaneously β a trend other major alternative managers, including KKR, which also posted record fundraising this earnings season, have benefited from as well.
For real estate markets specifically, Brookfield’s continued fundraising strength, even with real estate itself a smaller share of the quarter’s haul than credit or infrastructure, signals that large-scale institutional capital remains available for property transactions, refinancing and new development at a moment when many smaller sponsors are struggling to raise funds. Brookfield’s own $5.2 billion pending acquisition of LXP Industrial Trust, announced in July, illustrates the kind of large property deals that firm is positioned to pursue with record levels of dry powder now on hand.
What to watch: whether the pace of fundraising from insurance-linked mandates like the Just Group deal continues into the back half of 2026, and how much of Brookfield’s growing energy and data center investment activity ultimately shows up as real estate transactions versus purely infrastructure or credit deals.
