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Brookfield: Q1 Earnings Snapshot
Fee-related earnings rose to US$772 million as Brookfield raised US$21 billion and expanded capital from credit and private equity mandates.
- On Friday, Brookfield Asset Management Ltd. reported an 11% increase in fee profits and raised US$21 billion in the first quarter, with distributable earnings reaching US$702 million, or 43 cents per share.
- The firm's fee-bearing capital grew 12% to US$614 billion year-over-year, driven by US$108 billion of fundraising over the past 12 months.
- Brookfield deployed or committed to deploying US$34 billion during the quarter and generated US$8 billion from asset sales, while finalizing a US$4.45 billion acquisition of British retirement services provider Just Group PLC.
- Shares of Brookfield Asset Management rose 1.6% on Friday, while CEO Connor Teskey, who succeeded Bruce Flatt in February, told analysts the firm has 'very limited exposure to software across our strategies.'
- Teskey expects 2026 to be a record year for fundraising, and 'not by a little,' as the firm positions itself as a key player in the buildout of nuclear energy.
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Coverage Details
Total News Sources12
Leaning Left5Leaning Right2Center4Last UpdatedBias Distribution46% Left
Bias Distribution
- 46% of the sources lean Left
46% Left
L 46%
C 36%
R 18%
Factuality
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