- Business
- Brookfield Asset Management Inc. (BAM) is a leading global alternative asset manager that provides investment products and services across real estate, infrastructure, renewable power and transition, private equity, and credit to institutional investors including pension plans, endowments, sovereign wealth funds, insurance companies, and private wealth clients; its offerings encompass management and advisory fees, carried interest, and specialized funds focused on long-duration real assets, sustainable solutions such as renewables and energy storage in over 25 countries, flexible credit capital solutions via platforms including Oaktree, and operational enhancements in industrials, business services, and asset-backed finance. Founded in 1899 with origins in a Brazilian utility and spun off from Brookfield Corporation in December 2022, the company, which is 73% owned by Brookfield Corporation, transferred its headquarters from Toronto to New York City in December 2024 and manages approximately $1 trillion in assets under management with over 240,000 operating employees across more than 30 countries. Recent developments include the October 2025 announcement to acquire the remaining 26% interest in Oaktree Capital Management for $3.0 billion to create a fully integrated global credit platform, completion of a majority stake acquisition in Angel Oak focusing on U.S. mortgage and consumer credit with $11 billion in fee-bearing capital, approval for Brookfield Wealth Solutions' acquisition of Just Group adding $36 billion to its U.K. portfolio with BAM as investment manager, a strategic partnership with the U.S. Government for nuclear power deployment using Westinghouse technology, record third-quarter fundraising of $30 billion, and a February 2025 corporate restructuring to acquire 73% of its shares from Brookfield Corporation for enhanced U.S. market index inclusion and liquidity.