Brookfield Asset Management Targets Doubling Fee-Bearing Capital by 2031

Brookfield Asset Management plans to roughly double fee-bearing capital to about $2.6 trillion by 2031, supported by flagship funds, complementary strategies, insurance capital and private-wealth products.

Management projects nearly $11 billion in revenue and fee-related earnings per share of $4.08 by 2031.

The completed acquisition of Oaktree’s remaining 26% stake expands Brookfield’s credit platform to $416 billion in assets, with management targeting a doubling of credit fee-bearing capital over the next five years.

AI-driven infrastructure and energy demand remain key growth themes, including data-center power solutions, compute-infrastructure financing, batteries, nuclear energy and renewables, alongside continued opportunities in real estate and private equity.

Brookfield Asset Management NYSE: BAM used its 2026 Investor Day to outline plans to double fee-bearing capital by 2031, supported by fundraising across flagship funds, complementary strategies, insurance capital and private wealth products.

Management also emphasized the July acquisition of the remaining interest in Oaktree as a catalyst for the company’s expanded credit platform.

Chief Executive Officer Connor Teskey said Brookfield is on track or ahead of its objective to double the size of the asset-management business every five years or less.

He attributed the company’s momentum to its diversification across geographies, investors, products and investment capabilities, as well as its exposure to digitalization, energy demand and supply-chain reshoring.

“Every business at Brookfield is printing records right now,” Teskey said, pointing to infrastructure, energy, private equity, real estate and credit.

He said the company is investing and monetizing more capital than at any previous point in its history while maintaining long-term growth targets.

Chief Financial Officer Hadley Peer Marshall said Brookfield’s earnings have risen 40% since its 2022 spinout from Brookfield Corporation.

The company currently has $670 billion of fee-bearing capital, including roughly $250 billion in permanent capital from listed affiliates and insurance channels, and $425 billion in long-term private-fund capital from institutional and individual investors.

Brookfield raised $163 billion over the past 12 months, according to Marshall, who said 2026 is expected to be a record fundraising year on an organic basis.

Deployment doubled to $160 billion over the same period, while monetizations tripled over five years to reach $90 billion during the past 12 months.

Management’s five-year plan calls for fee-bearing capital to increase from $1.3 trillion to roughly double that amount by 2031.

Marshall said the company expects the growth to be broad-based, with approximately 75% of projected capital growth coming from flagship funds, mature complementary strategies and insurance capital.

Flagship fundraising is projected to rise from $129 billion raised over the past five years to $175 billion over the next five years.

Complementary strategies, which raised $195 billion over the past five years, are expected to nearly double by 2031.

Brookfield Wealth Solutions assets managed under its investment-management agreement are projected to grow from $150 billion to $360 billion by 2031.

Marshall said the company expects nearly $11 billion in revenue by 2031, with fee-related earnings per share projected to reach $4.08, compared with $1.97 currently.