- Business
- Brookfield Asset Management Inc. (BAMGF) is a leading global alternative asset manager focused on real estate, infrastructure, renewable power and transition, private equity, and credit. The company manages investments across these asset classes for institutional investors including pension plans, endowments, sovereign wealth funds, financial institutions, insurance companies, and private wealth clients; it offers diversified investment products such as funds, separate accounts, and co-investment opportunities in commercial real estate properties, toll roads, airports, utilities, wind farms, solar parks, energy storage, non-publicly traded growth companies, and flexible capital solutions like loans and financing. Operating in over 30 countries with approximately $1 trillion in assets under management or administration, Brookfield Asset Management employs around 240,000 operating personnel globally and maintains a presence in key financial hubs including New York, London, Sydney, São Paulo, Dubai, Mumbai, and Shanghai.
Founded in December 2022 as a spin-off of the asset management operations from Brookfield Corporation, which retains a significant ownership stake, the firm traces its broader heritage to 1899 through predecessor entities; it was originally headquartered in Toronto, Canada, but relocated its primary headquarters to New York City in December 2024 as part of a strategic restructuring to enhance U.S. market access and consolidate full ownership of the Brookfield group's asset management operations by acquiring the remaining stake from Brookfield Corporation.
Recent developments include surpassing $1 trillion in assets under administration in Q3 2024 through $21 billion in capital raised that quarter; entering a partnership with Microsoft in 2024 to develop 10.5 gigawatts of new renewable energy capacity via wind and solar farms; leading equity financing in 5C Group's $835 million capital raise in July 2025 for AI data centers and infrastructure; acquiring Alba Renewables in December 2025 to expand clean energy operations in Southeast Asia with $1 billion in catalytic capital; completing a $2.2 billion acquisition of American Tower's India telecom tower business in a Brookfield-led consortium in April 2025; closing the acquisition of a majority stake in Angel Oak and signing to buy the remaining 26% of Oaktree Capital Management in late 2025, increasing its credit platform stake to full ownership; and appointing Hadley Peer Marshall as chief financial officer in March 2024.