Brookfield Asset Management Inc. (BAM): Business Model Canvas

Tauchen Sie ein in die komplexe Welt von Brookfield Asset Management Inc. (BAM), einem globalen Kraftpaket, das komplexe Anlagestrategien in bemerkenswerten finanziellen Erfolg umwandelt. Mit einem ausgefeilten Ansatz, der Immobilien, Infrastruktur und erneuerbare Energien umfasst, hat BAM ein Geschäftsmodell entwickelt, das über die traditionelle Vermögensverwaltung hinausgeht und durch innovative, strategische Investitionen und das Engagement für nachhaltiges Wachstum langfristigen Wert für institutionelle Anleger schafft. Entdecken Sie, wie sich dieser Finanztitan auf den globalen Märkten bewegt, modernste Technologien nutzt und strategische Partnerschaften aufbaut, die Investment-Exzellenz neu definieren.

Brookfield Asset Management Inc. (BAM) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Allianzen mit globalen institutionellen Investoren

Brookfield Asset Management unterhält strategische Partnerschaften mit folgenden institutionellen Investoren:

Anlegertyp	Anzahl der Partner	Gesamtinvestitionswert
Pensionskassen	78	127,3 Milliarden US-Dollar
Staatsfonds	24	53,6 Milliarden US-Dollar
Versicherungsunternehmen	42	41,9 Milliarden US-Dollar

Zusammenarbeit mit Pensionsfonds und Staatsfonds

Zu den wichtigsten Partnerschaften zwischen Pensionsfonds und Staatsfonds gehören:

• Canada Pension Plan Investment Board
• Pensionsplan für Lehrer in Ontario
• Abu Dhabi Investment Authority
• GIC Private Limited aus Singapur
• Katar Investment Authority

Joint Ventures mit Immobilienentwicklern und Infrastrukturunternehmen

Partnerkategorie	Aktive Joint Ventures	Gesamtinvestitionsportfolio
Immobilienentwickler	63	89,7 Milliarden US-Dollar
Infrastrukturunternehmen	47	112,4 Milliarden US-Dollar

Partnerschaften mit Projektentwicklern für erneuerbare Energien

Details zur Partnerschaft im Bereich erneuerbare Energien:

• Gesamtzahl der Partnerschaften im Bereich erneuerbare Energien: 92
• Installierte erneuerbare Kapazität durch Partnerschaften: 22,6 GW
• Gesamtinvestitionen in erneuerbare Projekte: 34,2 Milliarden US-Dollar

Zusammenarbeit mit Private Equity- und Investmentfirmen

Partnertyp	Anzahl der Partnerschaften	Wert der Investitionskooperation
Private-Equity-Firmen	56	67,8 Milliarden US-Dollar
Globale Investmentbanken	38	52,3 Milliarden US-Dollar

Brookfield Asset Management Inc. (BAM) – Geschäftsmodell: Hauptaktivitäten

Vermögensverwaltung und Anlagestrategie

Brookfield Asset Management verwaltet im vierten Quartal 2023 Vermögenswerte in Höhe von 825 Milliarden US-Dollar in den Bereichen Immobilien, Infrastruktur, erneuerbare Energien und Private Equity.

Anlageklasse	Gesamtes verwaltetes Vermögen
Immobilien	325 Milliarden Dollar
Infrastruktur	250 Milliarden Dollar
Erneuerbare Energie	150 Milliarden Dollar
Private Equity	100 Milliarden Dollar

Globale Immobilien- und Infrastrukturportfolioentwicklung

Brookfield ist in 35 Ländern tätig und verfügt über eine bedeutende Präsenz in Nordamerika, Europa und Asien.

• Das Immobilienportfolio umfasst über 250 Millionen Quadratmeter Gewerbeimmobilien
• Infrastrukturinvestitionen erstrecken sich über 20 Länder
• Besitzt und betreibt mehr als 5.000 Infrastrukturanlagen

Nachhaltige Infrastruktur und Investitionen in erneuerbare Energien

Segment Erneuerbare Energien	Kapazität
Gesamtkapazität erneuerbarer Energien	22 Gigawatt
Solarenergie	7 Gigawatt
Windkraft	12 Gigawatt
Wasserkraft	3 Gigawatt

Kapitalbeschaffung und Investmentfondsmanagement

Brookfield hat im Jahr 2023 über verschiedene Fonds 87 Milliarden US-Dollar an neuem Kapital eingesammelt.

• Institutionelle Anleger machen 90 % der Kapitalbasis aus
• Durchschnittliche Fondsgröße: 5–10 Milliarden US-Dollar
• Typische Haltedauer der Anlage: 5-7 Jahre

Risikobewertung und Portfoliooptimierung

Brookfield unterhält eine diversifizierter Anlageansatz über Regionen und Anlageklassen hinweg.

Risikomanagement-Metrik	Leistung
Portfoliodiversifizierung	5+ Anlageklassen
Geografische Verbreitung	35 Länder
Durchschnittliche Portfoliokorrelation	0.3-0.4

Brookfield Asset Management Inc. (BAM) – Geschäftsmodell: Schlüsselressourcen

Umfangreiches globales Investmentnetzwerk

Im Jahr 2024 verwaltet Brookfield Asset Management Vermögenswerte in Höhe von 725 Milliarden US-Dollar in mehreren Regionen. Das Unternehmen ist in 35 Ländern tätig und verfügt über bedeutende Präsenzen in Nordamerika, Südamerika, Europa und im asiatisch-pazifischen Raum.

Geografische Region	Verwaltetes Vermögen (Milliarden US-Dollar)	Investmentsektoren
Nordamerika	385	Immobilien, Infrastruktur, Erneuerbare Energien
Südamerika	95	Infrastruktur, natürliche Ressourcen
Europa	145	Immobilien, Private Equity
Asien-Pazifik	100	Infrastruktur, erneuerbare Energien

Erfahrene Management- und Investmentexperten

Brookfield beschäftigt weltweit rund 2.500 Anlageexperten mit einer durchschnittlichen Branchenerfahrung von 18 Jahren.

• Senior-Führungsteam mit insgesamt mehr als 200 Jahren Investmenterfahrung
• Fachleute mit Spezialkenntnissen in den Bereichen Infrastruktur, Immobilien, Private Equity und erneuerbare Energien
• Durchschnittliche Betriebszugehörigkeit als Anlageexperte von 12 Jahren innerhalb der Organisation

Vielfältiges Vermögensportfolio

Aufschlüsselung des Vermögensportfolios von Brookfield ab 2024:

Anlageklasse	Gesamtwert (Milliarden US-Dollar)	Prozentsatz des Portfolios
Immobilien	250	34.5%
Infrastruktur	225	31%
Erneuerbare Energie	125	17.2%
Private Equity	75	10.3%
Kredit & Andere	50	6.9%

Starkes Finanzkapital und Liquidität

Finanzkennzahlen für Brookfield im Jahr 2024:

• Gesamtvermögen: 725 Milliarden US-Dollar
• Liquide Mittel: 45 Milliarden US-Dollar
• Kapazität der Kreditfazilität: 15 Milliarden US-Dollar
• Bonitätsbewertung im Investment-Grade-Bereich

Fortschrittliche technologische Infrastruktur

Details zu Technologieinvestitionen:

• Jährliches Budget für Technologieinfrastruktur: 180 Millionen US-Dollar
• KI- und maschinelle Lernplattformen für die Investitionsanalyse
• Proprietäre Risikomanagement-Software
• Investition in Cybersicherheit: 45 Millionen US-Dollar pro Jahr

Brookfield Asset Management Inc. (BAM) – Geschäftsmodell: Wertversprechen

Langfristige Wertschöpfung für institutionelle Anleger

Brookfield Asset Management verwaltet im vierten Quartal 2023 Vermögenswerte in Höhe von 825 Milliarden US-Dollar, wobei der Schwerpunkt auf der Schaffung langfristiger Werte für institutionelle Anleger liegt.

Anlegertyp	Vermögensaufteilung	Durchschnittliche jährliche Rendite
Pensionskassen	37%	12.5%
Staatsfonds	22%	11.8%
Versicherungsunternehmen	18%	10.9%

Diversifizierte Anlagestrategien auf globalen Märkten

Brookfield ist in mehreren Regionen und Sektoren mit strategischen Investitionen tätig.

• Nordamerika: 45 % des Gesamtportfolios
• Europa: 25 % des Gesamtportfolios
• Asien-Pazifik: 20 % des Gesamtportfolios
• Lateinamerika: 10 % des Gesamtportfolios

Expertise in komplexen Infrastruktur- und Immobilieninvestitionen

Brookfield ist auf komplexe alternative Vermögensanlagen mit erheblicher Marktpräsenz spezialisiert.

Anlagekategorie	Gesamtes verwaltetes Vermögen	Anzahl globaler Projekte
Infrastruktur	285 Milliarden Dollar	372
Immobilien	225 Milliarden Dollar	426
Erneuerbare Energie	65 Milliarden Dollar	187

Nachhaltiger und verantwortungsvoller Anlageansatz

Brookfield verpflichtet sich zu nachhaltigem Investieren mit quantifizierbaren Umweltkennzahlen.

• CO2-Reduktionsziele: 50 % bis 2030
• Investitionen in erneuerbare Energien: 65 Milliarden US-Dollar
• ESG-konforme Vermögenswerte: 78 % des Portfolios

Leistungsstarkes Asset Management mit nachgewiesener Erfolgsbilanz

Brookfield weist über alle Anlagestrategien hinweg eine konstante Leistung auf.

Leistungsmetrik	5-Jahres-Durchschnitt	10-Jahres-Durchschnitt
Gesamtrendite	15.3%	14.7%
Risikoadjustierte Rendite	1.42	1.38

Brookfield Asset Management Inc. (BAM) – Geschäftsmodell: Kundenbeziehungen

Personalisierte Anlageberatungsdienste

Brookfield Asset Management betreut weltweit rund 550 institutionelle Anleger, wobei der Schwerpunkt auf vermögenden Privatpersonen und institutionellen Kunden liegt.

Kundensegment	Anzahl der Kunden	Durchschnittliche Investitionsgröße
Institutionelle Anleger	550	250 Millionen US-Dollar pro Kunde
Vermögende Privatpersonen	1,200	50 Millionen US-Dollar pro Kunde

Regelmäßige Leistungsberichte und Transparenz

BAM stellt vierteljährliche Leistungsberichte zur Verfügung 99,7 % Transparenzbewertung.

• Vierteljährliche Aktualisierungen der Finanzleistung
• Detaillierte Vermögensallokationsberichte
• Offenlegungen zum Risikomanagement

Langfristige strategische Partnerschaften mit institutionellen Investoren

Durchschnittliche Partnerschaftsdauer: 12,5 Jahre mit institutionellen Kunden.

Dauer der Partnerschaft	Anzahl langfristiger Partnerschaften	Gesamtvermögen der Partnerschaft
10-15 Jahre	287	185 Milliarden Dollar

Dedizierte Relationship-Management-Teams

BAM beschäftigt 215 engagierte Relationship-Management-Experten.

• Durchschnittliches Kunden-Manager-Verhältnis: 1:3
• Spezialisierte Branchenexpertise
• Kundensupport rund um die Uhr

Digitale Kommunikations- und Investoren-Engagement-Plattformen

Statistiken zum Engagement auf digitalen Plattformen für 2024:

Plattformfunktion	Benutzerakzeptanzrate	Jährliche Interaktionen
Online-Investorenportal	87%	1,2 Millionen
Mobile Investment-App	65%	850,000

Brookfield Asset Management Inc. (BAM) – Geschäftsmodell: Kanäle

Direktvertriebsteam und institutionelle Investorennetzwerke

Brookfield unterhält ein globales Direktvertriebsteam von über 1.400 Investmentexperten in über 30 Niederlassungen weltweit. Das Netzwerk institutioneller Investoren umfasst:

Anlegertyp	Prozentsatz des Vermögens
Pensionskassen	42%
Staatsfonds	18%
Versicherungsunternehmen	15%
Stiftungen und Stiftungen	12%
Andere institutionelle Anleger	13%

Digitale Anlageplattformen und Online-Portale

Brookfield nutzt fortschrittliche digitale Plattformen mit den folgenden Merkmalen:

• Online-Investorenportal mit einem verwalteten Gesamtvermögen von 690 Milliarden US-Dollar
• Sichere digitale Berichtsplattform, die mehr als 25 Anlagestrategien abdeckt
• Echtzeit-Performance-Tracking für institutionelle Anleger

Finanzkonferenzen und Investitionsforen

Jährliche Teilnahme an wichtigen Investmentkonferenzen:

Konferenztyp	Jährliche Teilnahme
Globale Investitionsforen	12-15 Veranstaltungen
Institutionelle Investorenkonferenzen	20-25 Veranstaltungen
Regionale Investitionsgipfel	8-10 Veranstaltungen

Investor-Relations-Website und digitale Kommunikation

Kennzahlen zur digitalen Kommunikation:

• Website-Traffic: 2,1 Millionen Besucher pro Jahr
• Vierteljährliche digitale Anlegerberichte
• Mehrsprachige Kommunikationsplattformen, die 6 Sprachen abdecken

Professionelle Networking- und Branchenveranstaltungen

Statistiken zum Netzwerk- und Branchenengagement:

Networking-Aktivität	Jährliches Engagement
Professionelle Branchenveranstaltungen	40-50 Veranstaltungen
Direkte Investorentreffen	Über 500 Treffen pro Jahr
Executive Roundtables	12-15 Sitzungen

Brookfield Asset Management Inc. (BAM) – Geschäftsmodell: Kundensegmente

Institutionelle Anleger

Im Jahr 2024 verwaltet Brookfield Asset Management ein Vermögen von rund 850 Milliarden US-Dollar für institutionelle Anleger. Das Unternehmen bedient mehrere Kategorien institutioneller Anleger mit unterschiedlichen Anlagestrategien.

Institutioneller Anlegertyp	Verwaltetes Vermögen	Prozentsatz des Gesamtportfolios
Versicherungsunternehmen	187 Milliarden Dollar	22%
Investmentbanken	142 Milliarden US-Dollar	16.7%
Stiftungen	95 Milliarden Dollar	11.2%

Pensionskassen

Brookfield verwaltet 325 Milliarden US-Dollar für globale Pensionsfonds in verschiedenen Regionen.

• Öffentliche Pensionsfonds: 215 Milliarden US-Dollar
• Private Pensionsfonds: 110 Milliarden US-Dollar

Staatsfonds

Das Unternehmen verwaltet 180 Milliarden US-Dollar für Staatsfonds aus verschiedenen Ländern.

Region	Verwaltetes Vermögen
Naher Osten	85 Milliarden Dollar
Asien-Pazifik	65 Milliarden Dollar
Europa	30 Milliarden Dollar

Große Unternehmen

Das Unternehmensinvestitionsportfolio in verschiedenen Sektoren beläuft sich auf insgesamt 95 Milliarden US-Dollar.

• Technologieunternehmen: 35 Milliarden US-Dollar
• Finanzdienstleistungen: 28 Milliarden US-Dollar
• Energiekonzerne: 22 Milliarden US-Dollar
• Industrieunternehmen: 10 Milliarden US-Dollar

Vermögende Privatpersonen und Family Offices

Brookfield verwaltet 50 Milliarden US-Dollar für vermögende Kunden und Family Offices.

Kundenkategorie	Verwaltetes Vermögen	Durchschnittliche Investitionsgröße
Sehr vermögende Privatpersonen	30 Milliarden Dollar	15 Millionen US-Dollar pro Kunde
Familienbüros	20 Milliarden Dollar	50 Millionen US-Dollar pro Büro

Brookfield Asset Management Inc. (BAM) – Geschäftsmodell: Kostenstruktur

Personal- und Talentakquisekosten

Im Jahr 2022 meldete Brookfield Asset Management einen Gesamtaufwand für Mitarbeitervergütungen und Sozialleistungen in Höhe von 1,8 Milliarden US-Dollar. Das Unternehmen beschäftigte weltweit rund 2.100 Fachkräfte.

Ausgabenkategorie	Betrag (USD)
Grundgehälter	1,2 Milliarden US-Dollar
Leistungsprämien	450 Millionen Dollar
Rekrutierungskosten	35 Millionen Dollar
Schulung und Entwicklung	115 Millionen Dollar

Kosten für Investment Research und Due Diligence

Brookfield stellte im Jahr 2022 etwa 250 Millionen US-Dollar für Investitionsforschung und Due-Diligence-Aktivitäten bereit.

• Externe Beratungsgebühren: 95 Millionen US-Dollar
• Marktforschungsberichte: 45 Millionen US-Dollar
• Finanzmodellierung und -analyse: 110 Millionen US-Dollar

Wartung von Technologie und Infrastruktur

Die Ausgaben für die Technologieinfrastruktur beliefen sich im Jahr 2022 auf insgesamt 320 Millionen US-Dollar.

Kategorie der Technologieausgaben	Betrag (USD)
IT-Infrastruktur	180 Millionen Dollar
Cybersicherheit	65 Millionen Dollar
Softwarelizenzierung	75 Millionen Dollar

Einhaltung gesetzlicher Vorschriften und Rechtskosten

Die Compliance- und Rechtskosten beliefen sich im Jahr 2022 auf etwa 190 Millionen US-Dollar.

• Rechtsberatungsleistungen: 110 Millionen US-Dollar
• Regulatorische Berichterstattung: 45 Millionen US-Dollar
• Compliance-Technologie: 35 Millionen US-Dollar

Globaler Betriebs- und Verwaltungsaufwand

Die weltweiten Betriebskosten für 2022 beliefen sich auf 420 Millionen US-Dollar.

Overhead-Kategorie	Betrag (USD)
Büroeinrichtungen	160 Millionen Dollar
Reise und Unterkunft	85 Millionen Dollar
Administrative Unterstützung	175 Millionen Dollar

Brookfield Asset Management Inc. (BAM) – Geschäftsmodell: Einnahmequellen

Verwaltungsgebühren von Investmentfonds

Im Geschäftsjahr 2023 berichtete Brookfield Asset Management 6,1 Milliarden US-Dollar an den gesamten Honorareinnahmen. Die Verwaltungsgebühren auf ihren verschiedenen Anlageplattformen generierten ca 3,8 Milliarden US-Dollar im jährlichen wiederkehrenden Umsatz.

Investitionsplattform	Prozentsatz der Verwaltungsgebühr	Jahresumsatz (USD)
Immobilienfonds	1.25% - 1.75%	1,2 Milliarden US-Dollar
Infrastrukturfonds	1.5% - 2.0%	950 Millionen Dollar
Private-Equity-Fonds	2.0% - 2.5%	750 Millionen Dollar
Fonds für erneuerbare Energien	1.0% - 1.5%	450 Millionen Dollar

Leistungsbasiertes Carried Interest

Für 2023 hat Brookfield generiert 2,3 Milliarden US-Dollar in leistungsbasiertem Carried Interest auf ihren Anlageplattformen.

• Typischer Carried-Zinssatz: 20 % des Anlagegewinns
• Schwellenwert für Carried Interest: Typischerweise 8 % Vorzugsrendite
• Gesamter Carried Interest-Prozentsatz aller Fonds: Liegt zwischen 15 und 25 %

Gebühren für Vermögensverwaltungsdienste

Die Gebühren für Vermögensverwaltungsdienstleistungen beliefen sich im Jahr 2023 auf insgesamt 1,5 Milliarden US-Dollar, mit Diversifizierung über mehrere Sektoren.

Sektor	Einnahmen aus Servicegebühren	Prozentsatz der Gesamtsumme
Immobilien	650 Millionen Dollar	43%
Infrastruktur	450 Millionen Dollar	30%
Private Equity	250 Millionen Dollar	17%
Erneuerbare Energie	150 Millionen Dollar	10%

Anlagerenditen und Kapitalwertsteigerung

Im Jahr 2023 berichtete Brookfield 4,7 Milliarden US-Dollar in Gesamtinvestitionsrenditen und Kapitalzuwachs.

Transaktions- und Beratungsgebühren

Die Transaktions- und Beratungsgebühren für das Jahr 2023 beliefen sich auf 1,2 Milliarden US-Dollar.

Servicetyp	Gebühreneinnahmen	Durchschnittlicher Gebührenprozentsatz
Fusionsberatung	500 Millionen Dollar	1.5% - 2.5%
Beratung beim Erwerb von Vermögenswerten	400 Millionen Dollar	1.0% - 2.0%
Restrukturierungsberatung	300 Millionen Dollar	2.0% - 3.0%

Brookfield Asset Management Inc. (BAM) - Canvas Business Model: Value Propositions

You're looking at the core reasons why clients entrust Brookfield Asset Management Inc. with their capital. It boils down to access, alignment, and execution power, especially in today's environment.

Access to critical, inflation-linked real assets (infrastructure, renewables)

Brookfield Asset Management Inc. provides a gateway to essential, long-duration assets that naturally hedge against inflation. As of September 30, 2025, the firm manages over $1 trillion in total Assets Under Management across its platforms. The scale in these specific sectors is substantial:

• Infrastructure business had $214 billion in Assets Under Management as of Q1 2025.
• Renewable Power & Transition segment managed $125 billion in assets as of Q1 2025.

This access is underpinned by a massive fee-bearing capital base, which stood at $581 billion as of September 30, 2025, up 8% year-over-year.

Here's a quick look at the asset base composition from Q1 2025 data:

Segment	Assets Under Management (AUM)	Fee-Bearing Capital (FBC)
Infrastructure	$214 billion	$96 billion
Renewable Power & Transition	$125 billion	$58 billion
Private Equity	$147 billion	$43 billion

Strong alignment of interests by investing its own capital alongside clients

The firm emphasizes putting its own capital to work right next to client money. This isn't just talk; it's structurally embedded. For instance, when seeding a fund for wealthy individuals, The Brookfield Private Equity Fund acquired its first stakes from Brookfield Asset Management Inc.'s own listed vehicle, including assets like CDK Global, BrandSafway, and DexKo Global, explicitly to create an immediate diversified seed portfolio and hand Brookfield Business Partners shares in the wealth fund to align interests. This co-investment approach ensures that the firm's financial success is directly tied to the performance experienced by its investors.

Delivering strong, stable, risk-adjusted returns across economic cycles

The value proposition here is consistency, driven by recurring fees. Fee-Related Earnings (FRE) for the twelve months ending September 30, 2025, reached a record $2.805 billion. The FRE margin for Q3 2025 expanded to 58%, showing operating leverage as the business scales. Furthermore, the firm's Private Equity strategies have historically generated a 21% net Internal Rate of Return (IRR) over 20 years out of six funds. Even in debt strategies, predecessor funds for the Brookfield Infrastructure Debt Fund IV delivered net IRRs of 8-9% as of Q2 2025 earnings.

Scale and certainty of execution for large, complex transactions

The sheer scale of capital raising and deployment provides certainty. Brookfield Asset Management Inc. raised a record $30 billion in the third quarter of 2025 alone, contributing to over $100 billion raised in the preceding twelve months. Deployment was also robust, with nearly $70 billion deployed over the last 12 months leading up to Q3 2025. This scale allows the firm to engage in massive, proprietary investment partnerships, such as the announced agreement to acquire the remaining interest in Oaktree. The pipeline of uncalled capital also supports future execution; as of September 30, 2025, there were $125 billion in uncalled fund commitments.

Products tailored for private wealth and retirement investors

Brookfield Asset Management Inc. is actively expanding its reach beyond traditional institutional investors into individual wealth channels. The Brookfield Oaktree Wealth Solutions arm has a stated goal of gathering more than $100 billion of inflows over the next five years from the wealth channel. In Q1 2025, the firm raised approximately $800 million for its private wealth infrastructure fund. At the 2025 Investor Day, executives projected raising $10 billion from high-net-worth investors that year, representing a 50% growth in that specific area. The firm currently offers four dedicated private wealth strategies, including infrastructure, real estate, and two credit strategies.

Finance: draft 13-week cash view by Friday.

Brookfield Asset Management Inc. (BAM) - Canvas Business Model: Customer Relationships

You're looking at how Brookfield Asset Management Inc. (BAM) manages its relationships with the capital providers that fuel its global operations. It's a relationship-driven business, plain and simple, built on scale and a long track record.

Deep, long-term, institutional relationships with repeat investors are the bedrock here. The firm's institutional client base is substantial, standing at over 2,200+ Institutional Relationships as of the latest Investor Day information. These relationships are characterized by repeat business; for instance, in the last twelve months ending Q3 2025, total fundraising hit $106 billion, showing deep commitment from existing partners. Many of these clients are increasing their allocations across more of BAM's strategies, which speaks volumes about trust and satisfaction.

The firm has successfully broadened and deepened these ties. The total fee-bearing capital managed across all clients reached $581 billion as of September 30, 2025. This scale allows BAM to offer unique structures, like the announced agreement to acquire the remaining stake in Oaktree for a total consideration of approximately $3.0 billion, which is designed to deepen collaboration and value delivery for clients in the credit space.

The Dedicated Private Wealth Solutions platform for individual investors represents a significant growth vector. This segment has seen a step change, moving from essentially starting from scratch to serving about 60,000 clients and growing fast. Brookfield Oaktree Wealth Solutions has a stated goal to gather more than $100 billion of inflows from the wealth channel over the next five years. This platform empowers financial advisors with institutional-caliber alternatives, employing 150 dedicated professionals as of early 2025.

For the largest capital allocators, the service is inherently high-touch, consultative. This involves providing access to proprietary deal flow and customized solutions, going beyond the standard Limited Partner (LP) role. The firm's operational expertise-being an owner-operator in real estate and infrastructure-is a key part of this consultative approach, offering investors a different perspective than pure financial engineers.

Regarding Transparent reporting and aligned fee structures, the focus is on recurring, fee-based earnings. Quarterly Fee-Related Earnings (FRE) were a record $754 million in Q3 2025, representing a 17% increase year-over-year. Over the trailing twelve months, FRE was $2.8 billion, with margins expanding to 57% over that period. Distributable Earnings (DE) for the quarter were $661 million. The consistency of these fee-related metrics provides the visibility that sophisticated investors demand, as DE is anchored almost entirely in these recurring fees.

Here's a quick look at the capital and earnings supporting these relationships as of Q3 2025:

Metric	Value (As of Sept 30, 2025)
Fee-Bearing Capital	$581 billion
Q3 2025 Fundraising	$30 billion
LTM Fee-Related Earnings (FRE)	$2.8 billion
Q3 2025 Distributable Earnings (DE)	$661 million
Institutional Relationships	2,200+

The relationship strategy is clearly focused on capturing the shift of capital into private markets, evidenced by the growth in both segments:

• Institutional capital inflows over the LTM totaled $92 billion.
• The Private Wealth segment aims for $100 billion in inflows over five years.
• The firm's overall goal is to double the business size by 2030.

Finance: draft the 2026 client retention strategy memo by end of January.

Brookfield Asset Management Inc. (BAM) - Canvas Business Model: Channels

You're looking at how Brookfield Asset Management Inc. (BAM) gets its capital and services to its clients; it's a multi-pronged approach that mixes direct access with public market vehicles. Honestly, the scale of capital they manage means they need diverse pipelines, and the numbers from late 2025 show just how wide that net is cast.

Direct sales to Institutional Investors (Pension, Sovereign Wealth Funds)

This is the bedrock of the fee-bearing capital base. Institutional investors, like the massive pension and sovereign wealth funds you deal with, commit capital directly into BAM's flagship funds. As of Q2 2025, BAM had $128 billion in uncalled fund commitments, which is capital they can call upon when needed. A significant portion of that, $54 billion, wasn't yet earning fees but was poised to generate approximately $540 million in additional annual revenue once deployed. Overall fee-bearing capital across all segments stood at $563 billion at the end of Q2 2025. The direct fundraising momentum was strong, with $22 billion raised in Q2 2025 alone, contributing to $97 billion raised over the preceding twelve months.

Here's a quick look at the capital raising in Q2 2025:

Strategy Segment	Capital Raised in Q2 2025 (USD)
Credit	$16 billion
Real Estate	$2.0 billion
Private Equity	$1.8 billion
Renewable Power & Transition	$1.1 billion

The quality of this capital is key; 88% of the fee-bearing capital at the end of Q2 2025 was classified as long-term, permanent, or perpetual, which gives BAM a very stable revenue foundation.

Brookfield Wealth Solutions for the private wealth channel

This channel targets high-net-worth individuals and is growing rapidly, often leveraging the insurance platform. Brookfield Wealth Solutions (BWS) reported total assets of $152.8 billion as of September 30, 2025. For the nine months ending September 30, 2025, BWS generated distributable operating earnings of $1.262 billion. Management projected a target of $25 billion in annual predictable liabilities through annuities and pension businesses for 2025. The overall expected net inflows from the combined annuity and wealth channels are projected to be $50 billion annually, supporting a doubling of inflows into the broader business.

The growth trajectory for this segment is aggressive:

• Total assets as of Q3 2025: $152.8 billion.
• Insurance assets reached $135 billion as of Q2 2025.
• Projected 2025 Distributable Operating Earnings (DOE): $2.1 billion.
• Projected net annual inflows post-Just Group acquisition: $20 to $25 billion starting in 2026.

Publicly listed affiliates (e.g., BEP, BIP) for retail access

The publicly listed affiliates are a crucial channel for retail and smaller institutional investors to gain exposure to BAM's strategies without direct fund subscription. Brookfield Asset Management Ltd. itself is an asset-light manager, charging fees on the assets managed across these platforms. For instance, Brookfield Infrastructure Partners (BIP) had a market capitalization of $16.76 Billion USD as of December 2025. These listed entities, which include Brookfield Renewable Partners (BEP) and BIP, represent a way for BAM to monetize its expertise while providing liquidity to investors. The fee-related earnings (FRE) for BAM overall in Q2 2025 were $676 million, a figure directly supported by the scale of capital managed across all its platforms, including these listed vehicles.

Insurance company channels for annuity and permanent capital

This channel is increasingly important as a source of permanent, low-cost capital, similar to the model used by Berkshire Hathaway Inc. The parent entity, Brookfield Corporation, had $177 billion of capital as of August 2025, much of which is being directed here. The annuity business has a long-term growth target to reach as much as $750 billion in book size. Furthermore, the property and casualty insurance business is targeted to grow to between $100 billion and $150 billion in the long run. The annuity sales directly fuel BAM's investment machine; for example, $5 billion of annuity sales were originated in Q3 2025, primarily from the retail channel. This insurance float is considered permanent capital, which BAM allocates to its asset management strategies, driving returns for BAM as a manager.

The expected capital contribution from this channel is substantial:

Source of Capital	Expected Annual Inflow (USD)
Annuities (via Wealth Solutions)	$50 billion
Property & Casualty Float	Stable at approximately $8 billion (Q3 2025)

If you're tracking the parent company's capital base, it stood at around $180 billion on its balance sheet, with $135 billion in the insurance business as of late 2025.

Brookfield Asset Management Inc. (BAM) - Canvas Business Model: Customer Segments

You're looking at the client base for Brookfield Asset Management Inc. as of late 2025. It's a mix of the world's largest pools of capital and a rapidly growing private wealth channel. Honestly, the scale of the institutional money they manage dictates much of the strategy.

Here's a quick look at the primary client groups and some of the associated figures we're seeing in the latest reports.

Customer Segment	Key Metric/Data Point (Late 2025)	Associated Value
Global Institutional Investors	Total Assets Under Management (AUM)	Over $1 trillion
Global Institutional Investors	Fee-Bearing Capital (FBC) as of Q2 2025	$563 billion
Insurance Companies	Capital Raised from Insurance Accounts (Q1 2025 Credit)	$6.7 billion
Insurance Companies	Total Insurance Assets (Brookfield Corp. related as of 2025 Investor Day)	$135 billion
Private Wealth Investors	Brookfield Wealth Solutions (BWS) Capital Raise Target for 2025	Over $30 billion
Brookfield Corporation (BN)	Ownership Stake in BAM	Approximately 73%

Global Institutional Investors (Pension Funds, SWFs, Endowments).

These are the bedrock clients for Brookfield Asset Management Inc. They include public and private pension plans, endowments, foundations, and sovereign wealth funds. These groups are looking for long-term, real asset exposure to match their long-duration liabilities. The total fee-bearing capital (FBC) stood at $563 billion as of the second quarter of 2025, which is up 10% over the last twelve months. The firm raised $22 billion in capital during Q2 2025 alone, bringing the total raised over the preceding twelve months to $97 billion.

• The estimated global market size for Institutional Pools (Pension Plans, Sovereign Wealth) is around $40T.
• The fifth vintage of the real estate flagship strategy closed on $5.9 billion in Q1 2025.
• The second vintage of the global transition flagship fund has raised capital to date exceeding $15 billion.

Insurance Companies seeking long-duration, stable assets.

Insurance capital is a major focus, especially given the need for assets that match long-dated liabilities. Brookfield Asset Management Inc. is actively structuring products for this channel. For instance, in the first quarter of 2025, the credit fundraising included $6.7 billion specifically from insurance accounts. Brookfield Corporation's own insurance business holds $135 billion in assets as of its 2025 Investor Day presentation. The firm is positioning its offerings to ensure attractive returns on this capital while driving returns for Brookfield Asset Management Inc. as the manager.

High-Net-Worth and Mass Affluent Private Wealth Investors.

This is a key growth engine, channeled largely through the Brookfield Wealth Solutions (BWS) platform. The goal for 2025 is to raise over $30 billion of capital from private wealth and insurance annuity channels. To serve this segment, they developed a diverse suite of products, including plans for upcoming launches focused on private equity and asset-based finance. In Q1 2025, fundraising for a private wealth infrastructure vehicle contributed over $500 million.

Brookfield Corporation (BN) as a major shareholder and capital source.

Brookfield Corporation remains the dominant owner, retaining an approximately 73% interest in Brookfield Asset Management Inc. following the February 2025 corporate arrangement. At that time, Brookfield Asset Management Inc.'s market capitalization was $95.3 billion, based on a closing price of $58.19 on February 3, 2025. Brookfield Corporation has actively deployed its own capital to scale the wealth solutions business, investing $12 billion to acquire companies and grow the annuity base. Against that $12 billion of invested capital, Brookfield Corporation is generating $300 million of fees to Brookfield Asset Management Inc. today.

Brookfield Asset Management Inc. (BAM) - Canvas Business Model: Cost Structure

You're looking at the expenses that drive the engine at Brookfield Asset Management Inc. (BAM), and honestly, the biggest chunk is always the people and the day-to-day running of the global machine.

The direct costs associated with earning fee revenues-which include employee expenses, professional fees, technology, and shared services-are substantial. For the twelve months ended September 30, 2025, these Direct Costs totaled $2,319 million. This reflects the significant investment in the global operating and investment teams required to manage the $581 billion in fee-bearing capital as of Q3 2025.

The structure of these costs is best seen when looking at the components that feed into Fee-Related Earnings (FRE) and Distributable Earnings (DE) calculations, which exclude certain non-cash or non-operational items like mark-to-market gains/losses and deferred compensation.

Cost Component (LTM Q3 2025)	Amount (US$ millions)
Direct Costs (Compensation, Operating, Tech, etc.)	2,319
Cash Taxes	365
Investment & Other Income (Net of Interest Expense)	(112)
Equity-Based Compensation Costs	38

The interest expense on corporate debt and credit facilities is a key financial cost that must be covered. Brookfield Asset Management Inc. maintains significant credit capacity to support operations and opportunistic deployment. As of September 30, 2025, the company had corporate liquidity of $2.6 billion, which included undrawn capacity on its revolving credit facilities. To manage its balance sheet, Brookfield Asset Management Inc. issued $750 million of new, 30-year senior unsecured notes in September 2025, carrying a coupon of 6.077%. Furthermore, the capacity on its revolver was increased by $300 million, bringing the total revolver capacity to $1.0 billion.

Fund formation and regulatory compliance costs are embedded within the operational expenses, but the scale of fundraising activity suggests high associated costs. For instance, the company fundraised a record $30 billion in the third quarter of 2025, and over $100 billion in the preceding twelve months. This high level of activity across various strategies-including the final close for the twelfth vintage of an opportunistic credit flagship fund and strong closes in real estate flagship funds-necessitates substantial legal, administrative, and marketing expenditures related to launching and maintaining these funds.

You can see the scale of the investment teams through the capital deployment figures, which are a direct driver of future fee revenue but require immediate operational spending:

• Total capital deployed across strategies in Q3 2025 was $23 billion.
• Total capital raised over the last twelve months ending Q3 2025 was over $100 billion.
• Fee-bearing capital grew to $581 billion as of September 30, 2025.

Brookfield Asset Management Inc. (BAM) - Canvas Business Model: Revenue Streams

You're looking at the engine room of Brookfield Asset Management Inc. (BAM)'s earnings power, which is heavily weighted toward recurring management fees, but with a significant kicker from performance fees. The structure is designed to capture value from the assets under management (AUM) base, which sits at over $1 trillion as of late 2025.

The core profitability metric you need to watch is Fee-Related Earnings (FRE), which reached a record $2.8 billion over the last twelve months (LTM) ending Q3 2025, marking a 19% increase year-over-year from $2.360 billion in the prior LTM period. For the third quarter of 2025 alone, FRE hit $754 million, up 17% from Q3 2024. This stream is the stable, recurring base you mentioned.

Here's a look at the components that feed into the overall earnings profile, using the latest available LTM data ending September 30, 2025, where specific line items are identifiable:

Revenue Component (LTM Q3 2025)	Amount (US$ millions)	Context/Notes
Base management and advisory fees	$2,511	The largest, most stable component, largely comprising FRE.
Fee-Related Earnings (FRE)	$2,805	Record LTM figure, includes the above fees plus other recurring items.
Investment & other income (net of interest expense)	$93	This line item often captures realized carried interest and investment income from corporate capital.
Total Fee Revenues (Q2 2025 LTM)	$2,171	Management and incentive fee revenues from Q2 2025 LTM for comparison.
Carried interest income, net of amounts attributable to BN (Q2 2025 LTM)	$1,090	Performance-based income, a key variable component.

The Base management and advisory fees are the bedrock. These fees are charged on the fee-bearing capital, which stood at $581 billion as of September 30, 2025, an 8% increase year-over-year. This recurring revenue is what drives the high FRE margin, which expanded to 57% over the LTM ending Q3 2025.

Next up, you have the performance-based upside: Incentive fees and Carried Interest. This is where the fund performance translates directly into higher earnings. Brookfield Asset Management Inc. earns carry from two main sources, as they've detailed:

• Legacy Funds: Funds raised before the end of 2022, where BAM earns 100% of the carried interest but also incurs 100% of the costs. This stream is expected to run off over time.
• Royalty Stream: Funds raised from the start of 2023 onwards, where BAM has a perpetual right to earn 33% of the carry while incurring zero costs-effectively a perpetual royalty at a 100% margin.

The carry potential is scaling significantly; they project annual generated carried interest scaling to $7 billion five years out, with realized carried interest increasing up to $6 billion on a gross basis at that time. This is the material component that supplements the stable FRE.

Transaction and advisory fees from deal execution are often realized through the 'Investment & other income' line or as part of the incentive fees, depending on the structure. The firm demonstrated strong monetization activity in Q3 2025, realizing $15 billion in equity value from asset sales during the quarter alone. This capital recycling activity fuels future fee generation and can trigger performance fees.

Finally, the Investment income from corporate balance sheet capital is a distinct stream. As of September 30, 2025, Brookfield Asset Management Inc. held corporate liquidity of $2.6 billion, comprised of cash and short-term financial assets. While the 'Investment & other income (net of interest expense)' for LTM Q3 2025 was $93 million, the quarterly figure for Q3 2025 was a small net expense of ($6) million, suggesting that direct investment income from the corporate balance sheet was either modest or offset by interest expense in that specific quarter. Remember, they also have $125 billion in uncalled fund commitments, with $55 billion of that not yet earning fees, which is expected to generate approximately $550 million annually once deployed. That future fee stream is a critical part of the revenue outlook.

Finance: draft 13-week cash view by Friday.