Brookfield Asset Management (BAM) has reported record fundraising of $30bn (£22.8bn) in the third quarter of 2025, alongside “strong” commitments and deployments within its credit businesses.
The alternatives manager, which manages $1tn in assets, posted record fee-related earnings of $754m in its third-quarter results, or $0.46 per share, up 17 per cent year on year and 19 per cent over the past 12 months.
Net income totalled $724m in the quarter and $2.6bn over the last 12 months, representing increases of 33 per cent and 41 per cent, respectively.
The group said earnings growth was driven by record fundraising of $100bn in the past year.
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“We delivered strong results this quarter, highlighted by records in both capital raising of $30bn and deployment of $23bn, driving earnings to an all-time high for our business,” said Connor Teskey, president of Brookfield Asset Management. “We also realised record monetisations of $15bn, underscoring the strength of our platform across a broad range of strategies.”
Within private credit, Brookfield raised nearly $16bn of capital in the third quarter, including $6.1bn from long-term private funds. Around $800m was raised for the fourth vintage of its infrastructure mezzanine credit strategy.
The firm also deployed $9.9bn across its credit platform, including $2.1bn from its opportunistic credit flagship strategy.
The quarterly report also detailed Brookfield Corporation’s (BN) plan to acquire the remaining 26 per cent stake in Oaktree Capital, which was first announced in October.
BAM will contribute $1.6bn to the transaction, with BN providing $1.4bn, the report said. BAM will acquire Oaktree’s fee-related earnings, carried interest in certain funds, and partner manager interests in 17Capital and DoubleLine, creating what the firm described as a “fully integrated global credit platform”.
Teskey added: “In October, we announced an agreement to acquire the remaining interest in Oaktree. Over the past six years, this partnership has exceeded all expectations, and full ownership will allow us to work together more closely, deepening collaboration across our businesses, driving greater efficiency, and enhancing the value we deliver to our clients and shareholders.”
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