Brookfield Asset Management Ltd.
Canadian-American alternative asset manager managing investments across real estate, infrastructure, renewable energy, private equity, and credit markets globally.
Company Type
public
Founded
2022
Headquarters
New York City, USA
Stock
NYSE, TSX: BAM
About Brookfield Asset Management Ltd.
Who owns Brookfield Asset Management?
Brookfield Asset Management is publicly traded (NYSE: BAM; TSX: BAM), but Brookfield Corporation owns approximately 73% of the company. The remaining approximately 27% is publicly traded and owned by institutional investors and individual shareholders.
Brookfield Asset Management is publicly traded (NYSE: BAM; TSX: BAM), but Brookfield Corporation owns approximately 73% of the company. The remaining approximately 27% is publicly traded and owned by institutional investors and individual shareholders.
Is Brookfield Asset Management publicly traded?
Yes, Brookfield Asset Management is publicly traded on both the NYSE and TSX under ticker BAM. The company was spun off from Brookfield Corporation in December 2022.
Yes, Brookfield Asset Management is publicly traded on both the NYSE and TSX under ticker BAM. The company was spun off from Brookfield Corporation in December 2022.
How much does Brookfield Asset Management manage?
As of 2024, Brookfield Asset Management manages approximately $1 trillion in fee-bearing capital across real estate, infrastructure, renewable energy, private equity, and credit.
As of 2024, Brookfield Asset Management manages approximately $1 trillion in fee-bearing capital across real estate, infrastructure, renewable energy, private equity, and credit.
What is the difference between Brookfield Asset Management and Brookfield Corporation?
Brookfield Corporation (NYSE: BN) is the parent company that owns and operates assets across real estate, infrastructure, renewable energy, and private equity. Brookfield Asset Management (NYSE: BAM) is a subsidiary that manages third-party capital for fees. Brookfield Corporation owns approximately 73% of Brookfield Asset Management.
Brookfield Corporation (NYSE: BN) is the parent company that owns and operates assets across real estate, infrastructure, renewable energy, and private equity. Brookfield Asset Management (NYSE: BAM) is a subsidiary that manages third-party capital for fees. Brookfield Corporation owns approximately 73% of Brookfield Asset Management.
When was Brookfield Asset Management founded?
Brookfield Asset Management Ltd. was founded as a separate publicly traded company in December 2022, when it was spun off from Brookfield Corporation. However, Brookfield's asset management operations have a much longer history, dating back to the 1990s.
Brookfield Asset Management Ltd. was founded as a separate publicly traded company in December 2022, when it was spun off from Brookfield Corporation. However, Brookfield's asset management operations have a much longer history, dating back to the 1990s.
What is Oaktree Capital Management?
Oaktree Capital Management is a credit-focused alternative asset manager that is majority-owned by Brookfield Asset Management. Oaktree was founded in 1995 by Howard Marks and manages approximately $190 billion in assets, primarily in credit strategies.
Oaktree Capital Management is a credit-focused alternative asset manager that is majority-owned by Brookfield Asset Management. Oaktree was founded in 1995 by Howard Marks and manages approximately $190 billion in assets, primarily in credit strategies.
History of Brookfield Asset Management Ltd.
The history of Brookfield Asset Management is intertwined with the broader history of Brookfield Corporation, which traces its roots to the late 19th century.
Brookfield's origins date to 1899, when a group of investors established the Sao Paulo Tramway, Light and Power Company in Brazil. Over the following century, the company evolved through multiple transformations, eventually becoming Brascan Corporation in 1969 and then Brookfield Asset Management Inc. in 2005.
Under the leadership of Bruce Flatt, who became CEO in 2002, Brookfield transformed itself into one of the world's leading alternative asset managers. The company expanded its investment capabilities across real estate, infrastructure, renewable energy, and private equity, attracting institutional investors from around the world.
In 2022, Brookfield undertook a significant corporate restructuring. The company renamed itself Brookfield Corporation (NYSE: BN) and spun off its asset management operations as a separate publicly traded company called Brookfield Asset Management Ltd. (NYSE: BAM). The spin-off was completed in December 2022.
The rationale for the spin-off was to create a focused asset management company with its own public market identity, allowing investors to choose between owning the asset management business (BAM) or the broader operating company (BN). Brookfield Corporation retained approximately 73% of Brookfield Asset Management.
Connor Teskey was appointed CEO of Brookfield Asset Management at the time of the spin-off. Teskey had previously led Brookfield's renewable energy business.
In 2024, Brookfield Asset Management reached a significant milestone when its fee-bearing capital exceeded $1 trillion, establishing it as one of the world's largest alternative asset managers. The company also relocated its headquarters from Toronto to New York City in December 2024.
In FY2024, Brookfield Asset Management reported distributable earnings of approximately $2.2 billion, reflecting strong growth in fee-related earnings.
Brands Owned by Brookfield Asset Management Ltd.
Brookfield Asset Management Ltd. owns 2 brands in our database.
Brookfield Place
Owned by Brookfield Asset Management Ltd.
Iconic mixed-use office, retail, and cultural complex with locations in New York, Toronto, and Sydney, owned and operated by Brookfield Properties.
real-estateofficeretail
Manhattan West
Owned by Brookfield Asset Management Ltd.
Major mixed-use development in Hudson Yards featuring office towers, residential, hotel, and retail space, developed and operated by Brookfield Properties.
real-estateofficeresidential
Stock Information
Brookfield Asset Management Ltd. Ownership: Pros & Cons
Advantages
- +Approximately $1 trillion in fee-bearing capital makes Brookfield one of the world's largest alternative asset managers
- +Diversified investment platform across real estate, infrastructure, renewable energy, private equity, and credit
- +Brookfield Corporation's ~73% ownership provides strategic alignment and stability
- +Strong track record of investment performance across multiple asset classes and market cycles
- +FY2024 distributable earnings of approximately $2.2 billion demonstrate strong profitability
Considerations
- -Brookfield Corporation's ~73% ownership means minority public shareholders have limited influence
- -Complex corporate structure with multiple publicly traded entities and private funds can be difficult to understand
- -Dependence on continued growth in fee-bearing capital to drive earnings growth
- -Competition from Blackstone, Apollo, KKR, and other well-resourced alternative asset managers
- -Performance fees (carried interest) are variable and dependent on investment performance
Frequently Asked Questions About Brookfield Asset Management Ltd.
Who owns Brookfield Asset Management?
Brookfield Asset Management is publicly traded (NYSE: BAM; TSX: BAM), but Brookfield Corporation owns approximately 73% of the company. The remaining approximately 27% is publicly traded and owned by institutional investors and individual shareholders.
Is Brookfield Asset Management publicly traded?
Yes, Brookfield Asset Management is publicly traded on both the NYSE and TSX under ticker BAM. The company was spun off from Brookfield Corporation in December 2022.
How much does Brookfield Asset Management manage?
As of 2024, Brookfield Asset Management manages approximately $1 trillion in fee-bearing capital across real estate, infrastructure, renewable energy, private equity, and credit.
What is the difference between Brookfield Asset Management and Brookfield Corporation?
Brookfield Corporation (NYSE: BN) is the parent company that owns and operates assets across real estate, infrastructure, renewable energy, and private equity. Brookfield Asset Management (NYSE: BAM) is a subsidiary that manages third-party capital for fees. Brookfield Corporation owns approximately 73% of Brookfield Asset Management.
When was Brookfield Asset Management founded?
Brookfield Asset Management Ltd. was founded as a separate publicly traded company in December 2022, when it was spun off from Brookfield Corporation. However, Brookfield's asset management operations have a much longer history, dating back to the 1990s.
What is Oaktree Capital Management?
Oaktree Capital Management is a credit-focused alternative asset manager that is majority-owned by Brookfield Asset Management. Oaktree was founded in 1995 by Howard Marks and manages approximately $190 billion in assets, primarily in credit strategies.
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