NYSE/TSX · Alternative assets · AI-infrastructure and renewable-power capital
Brookfield Asset Management Ltd.
Brookfield Asset Management is a global alternative asset manager with over $1 trillion in AUM, anchored in infrastructure and renewables. In 2024 it signed a renewable energy framework with Microsoft worth more than $10 billion (10.5 GW across the US and Europe, 2026-2030) to power AI data centers. It owns the operators Compass Datacenters and Europe's Data4 and is pursuing a $100 billion AI infrastructure initiative (BAIIF). Most of its earnings come from management fees and the cash flows of its infrastructure assets.
Business categories Asset Management & Alternatives · Finance & Capital · primary Renewable Power Systems · Power & Grid Data Center Facilities · AI Compute Infrastructure
BAM Updated Sep 24, 2026 6 AI consumers· 3 recurring
Per the valuechain.wiki graph, Brookfield Asset Management Ltd. is directly linked to 3 companies (0 supply, 1 revenue, 2 investment relationships) and reaches 32 companies within two hops; the links are backed by 11 dated sources, 3 of them primary filings (as of 2026-09-24).
Financials & Segments
- Total revenue · AUM over $1 trillion; fee-bearing capital $539B (+18%); fee-related earnings $2.4B (2024); $135B of new capital raised in 2024
- Customer concentration · A high share of perpetual or long-dated capital. FY2025 grew to $603B fee-bearing capital and $3.0B fee-related earnings, with a $100B AI infrastructure initiative (BAIIF) launched.
- Segments · Renewable Power & Transition · Infrastructure · Private equity, real estate and credit
Revenue from
- Microsoft High confidence· Amount 10.5 GW · 2026-2030 · renewable supply framework
Brookfield signed a 2024 renewable energy framework with Microsoft to deliver 10.5 GW of new renewable capacity across the US and Europe in 2026-2030; Microsoft is investing over $10 billion to power its AI data centers, in the largest deal of its kind.Confirms KO ETNews Published May 2, 2024: Microsoft to invest KRW 14tn in renewable energy to secure AI powerConfirms EN GlobeNewswire Published May 1, 2024: Brookfield and Microsoft Collaborating to Deliver Over 10.5 GW of New Renewable Power Capacity Globally - 펀드 투자자(LP) 운용보수 High confidence· Amount $3 · FY2025 · fee-related earnings (US$B)
The core of Brookfield's earnings is management fees from limited partners such as pension and sovereign funds; $603B of fee-bearing capital generated $3.0B of fee-related earnings in 2025.Confirms EN StockTitan Published Feb 4, 2026: Brookfield Asset Management grows fees, AUM and launches AI infrastructure push - 인프라·데이터센터 운영 현금흐름 High confidence
Brookfield directly operates data centers such as Compass Datacenters and Data4, plus renewables and utilities, earning lease and power-sales cash flows from them.Confirms EN Data Center Frontier Published Jan 31, 2024: Brookfield's data center M&A targets the AI opportunity
Pays to
- 자본조달 (LP 출자·차입) Medium confidence· Amount $135 · FY2024 · new capital raised (US$B)
Brookfield raises large pools of capital through its funds to deploy into renewables and data centers, raising $135 billion of new capital in 2024 alone.Confirms EN StockTitan Published Feb 4, 2026: Brookfield Asset Management grows fees, AUM and launches AI infrastructure push - 데이터센터·재생에너지 개발 capex Medium confidence
Brookfield deploys heavy development capital into building data centers and renewable plants, committing EUR 20 billion of data-center investment in France alone.Confirms EN Data Center Frontier Published Jan 31, 2024: Brookfield's data center M&A targets the AI opportunity
Investments
- Duke Energy Corporation High confidence· Amount $6B · 2025 agreement; staged closings through 2028 · Brookfield's aggregate committed investment for a 19.7% indirect interest in Duke Energy Florida
Brookfield, through an affiliate of its Super-Core Infrastructure strategy, agreed to acquire a 19.7% indirect non-controlling interest in Duke Energy Florida in stages, with a total committed investment of $6 billion while Duke Energy retains control and operating responsibility.Confirms EN Duke Energy News Center Published Aug 5, 2025: Duke Energy partners with Brookfield to secure investment in Duke Energy Florida, expands capital plan to $87 billion - FirstEnergy High confidence· Amount $3.5B · transaction closed 2024-03-25 · Consideration paid by Brookfield for an additional 30% interest in FET
Brookfield increased its interest in FirstEnergy Transmission to 49.9% through an additional stake purchase, while FirstEnergy retained 50.1% and continues to consolidate the business.Confirms KO Investing.com Korea Published Mar 26, 2024: FirstEnergy Sells 30% FET Stake to Brookfield for $3.5 BillionConfirms EN FirstEnergy Published Mar 25, 2024: FirstEnergy Closes on $3.5 Billion FirstEnergy Transmission, LLC 30% Interest SaleConfirms EN Utility Dive Published Feb 7, 2023: FirstEnergy's $3.5B Deal with Brookfield Highlights Value of FERC-Regulated Transmission: Analysts - 데이터센터 플랫폼 (Compass Datacenters·Data4) High confidence
In 2023 Brookfield, with Ontario Teachers, acquired Compass Datacenters and Europe's Data4, taking equity in a data center platform; in 2025 KKR agreed to invest in Compass's assets.Confirms EN Data Center Frontier Published Jan 31, 2024: Brookfield's data center M&A targets the AI opportunity
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| Snowflake | lead2 | +20.4 | -57.6 | +38.6 | -22.4 | +42.1 | +68.2 |
| Starbucks Corp | lead2 | +11.1 | -13.2 | -1.2 | -2.5 | -5.3 | +26.3 |
| Johnson Controls | lead2 | +77.4 | -19.3 | -7.6 | +39.8 | +53 | +21.7 |
| Kenvue Inc. | lead2 | · | · | · | +3.1 | -15.9 | +12.4 |
| Rockwell Automation, Inc. | lead2 | +41.2 | -24.8 | +22.6 | -6.2 | +38.4 | +12.3 |
| Illinois Tool Works Inc. | lead2 | +23.6 | -8.5 | +21.6 | -1 | -0.4 | +11 |
| Costco Wholesale | lead2 | +51.8 | -19 | +49 | +39.6 | -5.4 | +10.3 |
| Parker-Hannifin Corporation | lead2 | +18.3 | -6.9 | +60.8 | +39.6 | +39.5 | +10.2 |
| 3M Company | lead2 | +4.9 | -29.6 | -3.3 | +46.1 | +26.4 | +6.8 |
| The Kraft Heinz Company | lead2 | +8 | +18.2 | -5 | -13 | -16.3 | +6.1 |
| Walmart Inc | lead2 | +2 | -0.5 | +12.9 | +74 | +24.5 | +0.6 |
| Ralph Lauren Corporation | lead2 | +16.7 | -8.4 | +39.8 | +62.9 | +55 | -0.2 |
| Dover Corporation | lead2 | +45.7 | -24.3 | +15.2 | +23.3 | +5.2 | -0.5 |
| Veralto Corporation | lead2 | · | · | · | +24.3 | -1.6 | -3.2 |
| Roper Technologies | lead2 | +14.7 | -11.6 | +26.9 | -4.1 | -13.8 | -7.9 |
| ServiceNow | lead2 | +17.9 | -40.2 | +82 | +50.1 | -27.7 | -8 |
| Axon Enterprise, Inc. | lead2 | +28.1 | +5.7 | +55.7 | +130.1 | -4.4 | -9.2 |
| Take-Two Interactive Software, Inc. | lead2 | -14.5 | -41.4 | +54.6 | +14.4 | +39.1 | -16.6 |
| Stryker Corporation | lead2 | +10.2 | -7.4 | +23.8 | +21.3 | -1.5 | -20.4 |
| Fiserv | lead2 | -8.8 | -2.6 | +31.4 | +54.6 | -67.3 | -21.1 |
| Cognizant Technology Solutions Corporation | lead2 | +9.6 | -34.5 | +34.4 | +3.5 | +9.7 | -23.6 |
| Adobe Inc. | lead2 | +13.4 | -40.7 | +77.3 | -25.5 | -21.3 | -23.9 |
| Autodesk, Inc. | lead2 | -7.9 | -33.5 | +30.3 | +21.4 | +0.1 | -26.4 |
| Boston Scientific Corporation | lead2 | +18.2 | +8.9 | +24.9 | +54.5 | +6.8 | -55.2 |
| Microsoft | lead1 | +52.5 | -28 | +58.2 | +12.9 | +15.6 | +4 |
| Brookfield Asset Management Ltd. | node | · | · | +45.6 | +39.7 | -0.2 | -9.7 |
| Duke Energy Corporation | benef1 | +19.1 | +2 | -1.6 | +15.6 | +12.7 | +5.3 |
| FirstEnergy | benef1 | +41.8 | +4.8 | -8.9 | +13.2 | +17.3 | +3.5 |
| GE Vernova | benef2 | · | · | · | · | +99 | +54 |
| NextEra Energy | benef2 | +23.4 | -8.5 | -25.3 | +21.5 | +15.5 | +6.2 |
| Siemens Energy | benef2 | -35.4 | -2.7 | -27 | +314.2 | +149.9 | +1.8 |
| Constellation Energy | benef2 | · | · | +37.2 | +92.7 | +58.8 | -15.3 |
YTD as of 2026-10-09 · source: Yahoo Finance
Brookfield Asset Management Ltd. operates across NYSE/TSX, Alternative assets, AI-infrastructure and renewable-power capital. It remained weak at -0.2% in 2025 and -0.4% in 2026. The stock (-0.4%) and its demand side (avg +4%) are moving in step. Most of its earnings come from management fees and the cash flows of its infrastructure assets.
Analysis generated from returns as of 2026-09-04Analyst ratings
Consensus: Buy 3 · Hold 2 · Sell 0 · Avg. target $58 · Price $45.88 (10-09) · Upside +26%
| Broker | Rating | Target | Published | |
|---|---|---|---|---|
| Piper Sandler · John Barnidge | Neutral | $50 | May 18, 2026 | Report ↗ |
| RBC Capital Markets · Bart Dziarski | Outperform | $65 | May 11, 2026 | Report ↗ |
| Scotiabank · Mario Saric | Outperform | $57 | May 11, 2026 | Report ↗ |
| JPMorgan · Kenneth Worthington | Neutral | $60 | May 6, 2026 | Report ↗ |
| BMO Capital Markets | Strong-Buy | — | Feb 5, 2026 | Report ↗ |
Nudges target to $50 while keeping Neutral.
Analyses covering this node
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