Brookfield Asset Management (NYSE:BAM) reported second-quarter fee-related earnings of $808 million, or $0.50 per share, marking a 20% increase from the previous year. The firm raised a record $77 billion during the quarter, pushing fee-bearing capital to $672 billion, a 19% year-over-year rise. Chief Executive Officer Connor Teskey highlighted significant contributions from AI infrastructure and credit strategies, with $51 billion raised in credit alone.
Brookfield’s acquisition of Oaktree was completed, enhancing its distribution capabilities. Despite anticipating a decline in margins due to the acquisition, the company aims to generate growth and operating leverage moving forward. With a focus on AI infrastructure, Brookfield expects to tap into an estimated $10 trillion in economic productivity potential, underscoring its commitment to long-term revenue-generating projects.
In capital management, Brookfield deployed $21 billion and monetized $11 billion during the quarter. It issued $1 billion in senior secured notes and repurchased $200 million of its stock. A quarterly dividend of $0.5025 per share is set for distribution on September 30 to shareholders of record as of August 31.
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