Key Takeaways
- • Fee-related earnings rose 11% to $772 million in Q1 2026, with distributable earnings totaling $702 million, driven by strong fundraising momentum and scale across partner managers.
- • Brookfield raised $21 billion in Q1 and $67 billion year-to-date, positioning 2026 as a record fundraising year supported by large capital mandates, flagship fund launches, and the pending full integration of Oaktree.
- • Fee-bearing capital increased 12% over the last 12 months to $614 billion, reflecting broad-based strength across complementary strategies and insurance inflows.
- • Credit fundraising totaled $13 billion in Q1, including $4.7 billion from long-term private funds and $3.8 billion from Brookfield Wealth Solutions, with infrastructure raising $3 billion.
- • LTM fee-related earnings reached $3.1 billion, up 18% year-over-year, while CEO Connor Teskey affirmed expectations to exceed long-term growth targets in 2026.
Summary
Brookfield Asset Management delivered strong first-quarter 2026 results, with fee-related earnings climbing 11% to $772 million and distributable earnings reaching $702 million. The performance was underpinned by robust fundraising activity, which totaled $21 billion during the quarter. Chief Executive Officer Connor Teskey highlighted the company's momentum, stating that "2026 will not only be a record year for Brookfield, but one where we expect to exceed our long-term growth targets." Year-to-date fundraising stood at $67 billion, including proceeds tied to the Just Group mandate and the firm's flagship private equity fund.
Fee-bearing capital expanded 12% over the preceding 12 months to $614 billion, reflecting accelerating investor appetite across Brookfield's diversified asset management platform. Looking at trailing twelve months, fee-related earnings reached $3.1 billion, up 18% year-over-year, demonstrating the operational leverage embedded in the company's growing capital base. Chief Financial Officer Hadley Marshall attributed the $21 billion first-quarter fundraising to complementary strategies and insurance inflows, underscoring the breadth of Brookfield's capital raising capabilities.
Credit fundraising emerged as a significant contributor, totaling $13 billion in the quarter. This comprised $4.7 billion from long-term private funds and $3.8 billion from Brookfield Wealth Solutions, while the infrastructure business raised $3 billion. Management cited the increasing scale of partner managers as a key driver of fee-related earnings growth. The company's pending full integration of Oaktree—a major wealth and credit platform acquisition—positions Brookfield to sustain record fundraising momentum through 2026 and beyond. Teskey's commentary on exceeding long-term growth targets signals management confidence in the company's ability to deploy capital efficiently while scaling fee-generating assets across multiple strategies.
Fee-bearing capital expanded 12% over the preceding 12 months to $614 billion, reflecting accelerating investor appetite across Brookfield's diversified asset management platform. Looking at trailing twelve months, fee-related earnings reached $3.1 billion, up 18% year-over-year, demonstrating the operational leverage embedded in the company's growing capital base. Chief Financial Officer Hadley Marshall attributed the $21 billion first-quarter fundraising to complementary strategies and insurance inflows, underscoring the breadth of Brookfield's capital raising capabilities.
Credit fundraising emerged as a significant contributor, totaling $13 billion in the quarter. This comprised $4.7 billion from long-term private funds and $3.8 billion from Brookfield Wealth Solutions, while the infrastructure business raised $3 billion. Management cited the increasing scale of partner managers as a key driver of fee-related earnings growth. The company's pending full integration of Oaktree—a major wealth and credit platform acquisition—positions Brookfield to sustain record fundraising momentum through 2026 and beyond. Teskey's commentary on exceeding long-term growth targets signals management confidence in the company's ability to deploy capital efficiently while scaling fee-generating assets across multiple strategies.
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