Brookfield Asset Management Ltd. 8-K

Summary

Q3 2026 results. Fundraising and investment deployment supported growth in recurring fee-related earnings: fee-bearing capital reached $682B, up 13% Y/Y, and fee-related earnings (FRE, a non-GAAP measure) rose 15% Y/Y to $864M.

Developments

• Infrastructure strategies received ≈$50B raised or committed over the past year, including $26B for the flagship strategy to date; the first close is expected in the coming weeks.
• Brookfield signed an agreement to jointly develop, deliver and operate an AI factory in the U.K., and agreed to invest up to $9B in next-generation AI computing infrastructure in Korea through partnerships with NAVER and NVIDIA. Its AI infrastructure fund also has projects in execution across the United States, Canada, Korea, France and the U.K.
• The acquisition of the remaining interest in Oaktree was completed in July, combining complementary capabilities into a broader global credit platform.
• Private equity raised $14B since 9/30/2025, a record pace for the business, with demand for investments in industrial and essential services.

Key Figures

• Net income included a $2.0B non-cash gain from the acquisition and consolidation of Oaktree.
• The reported periods use a new presentation for partner managers: BAM’s proportionate share of their fee revenues and fee-related expenses is shown instead of its share of their fee-related earnings. The change did not affect FRE, distributable earnings or net income; fee-bearing capital also includes certain capital newly classified in that measure.
• Realized carried interest, net of costs, was $48M, the first such realization since the spinout; BAM invested $18B and monetized $12B during the quarter.
• At 9/30/2026, uncalled fund commitments were $148B, including $68B expected to generate ≈$680M of annual fees once deployed; corporate liquidity was $2.1B. The board declared a quarterly dividend of $0.50 per share, payable 12/31/2026 to holders of record 11/30/2026.

Guidance

No guidance in this filing.