Brookfield Asset Management raised $25 billion in the third quarter, driven by credit and infrastructure, as the money manager positions itself as a key player funding the build-out of artificial intelligence.
The fundraising haul underscores the firm's growing role in financing the physical and digital infrastructure that artificial intelligence requires, including data centers, power generation and related assets. Investors have been drawn to the sector's long-term demand, which has made infrastructure and private credit strategies increasingly attractive.
The results also point to rising profits, reflecting the strength of the firm's credit and infrastructure franchises during the quarter. Brookfield has spent recent years expanding these businesses, and the latest figures suggest that strategy is gaining traction with institutional and private clients.
As the AI investment cycle continues, asset managers able to deploy large pools of capital into energy-intensive and long-duration projects are likely to remain in high demand. Brookfield's quarter suggests it intends to be among the firms supplying that capital.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing