Key Takeaways
- • Brookfield Asset Management grew fee-related earnings 22% to $3 billion in 2025, driven by expansion in private credit and AI-driven digital infrastructure platforms.
- • Connor Teskey, 38, appointed CEO of Brookfield Asset Management, assuming leadership of the $1 trillion alternative asset manager while Bruce Flatt transitions to chair and CEO of parent Brookfield Corp.
- • 2025 marked record performance across fundraising, deployment, and asset sales, establishing new operational benchmarks for the firm.
- • The CEO succession represents the completion of Bruce Flatt's long-held succession plan at the subsidiary level.
Summary
Brookfield Asset Management reported a significant acceleration in fee-based revenue during 2025, with fee-related earnings climbing 22% to $3 billion. The growth reflects the North American giant's strategic expansion into high-growth segments, particularly private credit and AI-driven digital infrastructure, which have become increasingly attractive to institutional capital.
The company announced the appointment of Connor Teskey, 38, as chief executive officer of Brookfield Asset Management, marking a pivotal leadership transition. Teskey assumes control of the $1 trillion alternative asset manager, while Bruce Flatt, who previously served as CEO of the subsidiary, transitions to remain as chair and CEO of parent company Brookfield Corp. The move completes Flatt's previously announced succession plan for the asset management platform.
Teskey highlighted the firm's operational momentum in 2025, noting that the year set new benchmarks across fundraising, capital deployment, and asset sales. These metrics underscore the platform's competitive positioning within the alternative asset management industry during a period of robust institutional capital flows toward alternative investment vehicles.
The succession represents a structured transition within Brookfield's corporate hierarchy, with clear delineation between leadership of the parent holding company and its major asset management subsidiary. Flatt's continued role at the parent level maintains strategic alignment across the broader Brookfield portfolio while positioning Teskey to direct day-to-day operations and strategic initiatives at the asset management division.
The company announced the appointment of Connor Teskey, 38, as chief executive officer of Brookfield Asset Management, marking a pivotal leadership transition. Teskey assumes control of the $1 trillion alternative asset manager, while Bruce Flatt, who previously served as CEO of the subsidiary, transitions to remain as chair and CEO of parent company Brookfield Corp. The move completes Flatt's previously announced succession plan for the asset management platform.
Teskey highlighted the firm's operational momentum in 2025, noting that the year set new benchmarks across fundraising, capital deployment, and asset sales. These metrics underscore the platform's competitive positioning within the alternative asset management industry during a period of robust institutional capital flows toward alternative investment vehicles.
The succession represents a structured transition within Brookfield's corporate hierarchy, with clear delineation between leadership of the parent holding company and its major asset management subsidiary. Flatt's continued role at the parent level maintains strategic alignment across the broader Brookfield portfolio while positioning Teskey to direct day-to-day operations and strategic initiatives at the asset management division.
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