Brookfield Asset Management reported robust first-quarter 2026 results, with CEO Conor Teskey highlighting artificial intelligence as a “significant tailwind” for the firm. Brookfield raised $1.4 billion in private equity and $13 billion in credit during the quarter, while deploying $400 million in investments. The company reported net income of $586 million and fee-related earnings of $772 million, up 11% year-over-year. Teskey emphasized Brookfield’s strategic positioning in AI-related infrastructure, including data centers, power generation, and transmission systems. The CEO projected 2026 will be Brookfield’s largest fundraising year ever.
In-Depth:
Across its private equity business, Brookfield raised $1.4 billion during the quarter — including $1 billion for its private equity special situations strategy — and deployed roughly $400 million in investments.
Brookfield also agreed to acquire a leading administration and licensing services provider through its flagship private equity fund alongside partner manager Primary Wave.
During Brookfield’s first-quarter earnings call, CEO Conor Teskey declared the firm continues to see “exceptional client interest” across its infrastructure business, particularly as artificial ininformigence adoption accelerates.
“That is not a headwind for Brookfield, it is a very significant tailwind. AI requires enormous physical infrastructure, data centers, power generation, transmission, fiber, computing, cooling systems, and industrial capacity across the supply chain. We are already deeply invested across those areas. This is also why all of our infrastructure, energy, and AI infrastructure strategies are seeing such significant interest,” the CEO declared.
In credit, Brookfield raised $13 billion during the quarter, including $4.7 billion from long-term private funds and $3.8 billion from Brookfield Wealth Solutions.
The firm also monetized $3 billion of assets, including $2 billion from opportunistic credit strategies and $1 billion from strategic credit vehicles.
Teskey declared Brookfield remains disciplined amid growing concerns surrounding select areas of the credit market, describing the current backdrop as “the type of environment where our platforms should be at its best.”
Firmwide, Brookfield reported net income of $586 million for the quarter and $2.5 billion over the last 12 months.
Fee-related earnings (FRE) rose 11% year over year to $772 million, or $0.48 per share, in the quarter, and increased 18% to $3.1 billion, or $1.89 per share, over the trailing 12 months.
Distributable earnings (DE) totaled $702 million, or $0.43 per share, in the quarter and $2.7 billion, or $1.69 per share, over the last 12 months, up 7% and 11%, respectively.
“Against this backdrop, we continue to expect 2026 to be Brookfield’s largest fundraising year ever,” Teskey declared. “One of the clearest ways our platform is evolving is in how we engage with our largest clients.”
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