Brookfield raises record $77B, AUM tops $1 trillion

Brookfield Asset Management raised a company-record $77 billion in the second quarter of 2026, pushing total assets under management past $1 trillion for the first time, according to the earnings release the company filed with the Securities and Exchange Commission on August 5.

Credit strategies did most of the heavy lifting, including a $40 billion mandate to manage assets for British insurer Just Group. Real estate raised a comparatively modest $4.3 billion for the quarter. But Brookfield’s property arm deployed $5.2 billion in the same period, more than it took in, buying the largest privately held manufactured home portfolio in the country and taking a publicly traded outdoor industrial storage operator private.

Why it matters

For anyone trying to finance a deal right now, where Brookfield is putting the money matters more than the fundraising headline. A trillion-dollar manager net-deploying into real estate, even while its property fundraising trails every other strategy it runs, sets a floor under pricing for stabilized assets and tells distressed sellers they can expect a bid. The two real estate buys point to what institutional capital wants right now: durable, income-producing property types that held up through the higher-rate cycle, not speculative ground-up bets. Developers courting institutional equity or debt should watch the deployment pace, not the press release, as the real signal on where capital is willing to price risk.

The numbers

Brookfield raised $77 billion in the quarter, a company record, led by private equity, infrastructure and credit. Fee-bearing capital reached $672 billion, up 19% year over year on $163 billion raised over the trailing twelve months. Fee-related earnings rose 20% to $808 million for the quarter. Real estate raised $4.3 billion, nearly $700 million of it for the flagship strategy’s geographic sleeves and $3 billion from separately managed accounts and co-investment, while deploying $5.2 billion.

What’s next

“We delivered a strong second quarter, with record fundraising of $77 billion, led by private equity, infrastructure, and credit,” CEO Connor Teskey said in the release. He added that the firm expects its best year ever as capital keeps flowing toward AI-linked infrastructure and essential-service real assets. For real estate, the number to watch next quarter is whether deployment keeps outrunning fundraising again. That gap is the clearest read on how aggressively Brookfield will price for stabilized and value-add product against a market still short on liquidity. Track more capital flows on our Capital & Deals desk.