Brookfield Asset Management

Brookfield Asset Management Ltd. was established in December 2022 as a spin-off from Brookfield Corporation (formerly known by the same name) to separate the asset management business from the corporation's proprietary capital. Headquartered in New York City since 2024, the firm has quickly grown into one of the world's largest investment managers, surpassing $1 trillion in assets under management by the third quarter of 2024.

The firm operates across diverse sectors including real estate, infrastructure, renewable power, and credit. It maintains a complex relationship with its parent, Brookfield Corporation, which holds a 73 percent ownership stake. The firm's history is marked by aggressive global expansion and significant fundraising, including a push to raise $150 billion in capital within a single calendar year.

In recent years, the firm has prioritized climate finance and transition investing, notably launching the Catalytic Transition Fund at COP28. Significant leadership transitions occurred in early 2026 when Connor Teskey succeeded long-time leader Bruce Flatt as CEO, marking a new era for the firm's global operations and its status as a major player in alternative investments.