[Edaily Marketin Reporter KIM SUNG-SOO ] Brookfield Asset Management (hereinafter “Brookfield”), a global alternative investment manager, raised $77 billion (approximately 106 trillion won) in the second quarter of this year alone. This marks the company’s largest-ever quarterly fundraising total.

The company is rapidly deploying the large amount of capital it has secured into credit, real estate, and infrastructure, thereby broadening its investment scope. In particular, it is placing a strong emphasis on infrastructure investments that support artificial intelligence (AI) and high-tech industries.

Cumulative Fundraising for the First Half of the Year: $98 Billion

According to the financial investment industry on the 21st, Brookfield raised $77 billion (approximately 106.2138 trillion won) in the second quarter of this year. This is the largest amount ever raised on a quarterly basis.

Cumulative funds raised in the first half of this year reached $98 billion (approximately 135.1812 trillion won), while funds raised over the past 12 months totaled $163 billion (approximately 224.8259 trillion won).

Consequently, fee-eligible capital increased by 19% year-over-year to $672 billion (approximately 926.8896 trillion won).

“Capital subject to fee payments” refers to the amount of capital used as the basis for calculating actual fees (such as regular management fees or performance fees) in the financial industry, particularly in asset management, funds, and project financing (PF).

It is generally distinguished from a company’s total capital or total assets, and the calculation method varies depending on the terms of the contract. Since the fees received by asset managers and the costs paid by investors vary significantly depending on which capital is used as the basis, this is one of the most important clauses in a contract.

Looking at Brookfield’s funding breakdown by sector, the largest amount of capital was raised in the credit sector. Brookfield raised $51 billion (approximately 70.3443 trillion won) in the credit sector during the second quarter of this year. This was followed by △infrastructure ($10 billion), △private equity ($8.6 billion), △real estate ($4.3 billion), and △energy ($2.5 billion).

“Brookfield Wealth Solutions” led the fundraising in the credit sector. Brookfield Wealth Solutions is a global investment-focused insurance and reinsurance organization that provides pension and insurance products, asset protection products, and capital solutions to individuals and institutions.

The company supports clients in achieving their financial goals through tailored investment strategies and portfolio management. Through Brookfield Wealth Solutions, Brookfield raised $45 billion (approximately 62.109 trillion won). Of this amount, $40 billion (55.208 trillion won) came from “Just Group,” a U.K.-based specialist in retirement finance and pension services.

In addition, Brookfield raised a significant amount of capital ($10 billion, approximately 13.802 trillion won) in the infrastructure sector.

By segment, the following amounts were raised: △$7.9 billion from the Infrastructure Flagship Strategy, △$900 million from the Supercore Infrastructure Strategy, and △$900 million from the Infrastructure Private Wealth Management Strategy. The AI Infrastructure Strategy has secured a total of $5 billion in investment commitments to date through its first closing.

In the real estate sector, the firm raised $4.3 billion. Of this amount, approximately $700 million was raised through regional investment vehicles under the Flagship Strategy, while $3 billion was raised through discretionary accounts (SMAs) and co-investments.

A discretionary account (SMA) is an investment method in which an investor enters into a discretionary management agreement with a manager to manage funds in a separate, independent account. Unlike standard blind funds, it involves establishing a standalone, customized fund that reflects the investor’s requirements and is managed according to predefined guidelines.

The private equity segment raised $8.6 billion, of which $6.7 billion came from the private equity flagship strategy. An additional $2.5 billion was secured in the energy sector.

'Focused Investment' in Credit, Real Estate, and Infrastructure

The raised capital was immediately channeled into investments. Brookfield invested $21 billion (approximately 28.9338 trillion won) across all business segments in the second quarter of this year. By sector, credit accounted for the largest share at $10 billion (approximately 13.78 trillion won). This was followed by △real estate at $5.2 billion, △infrastructure at $3.3 billion, △private equity at $1.4 billion, and △energy at $1.0 billion.

In the credit sector, the firm invested a total of $10 billion (approximately 13.78 trillion won). Of this amount, $1.9 billion was allocated to opportunistic credit strategies. This effectively expanded the investment scope to include areas where high returns could be pursued depending on market conditions.

In the real estate sector (5.2 billion dollars invested), funds were deployed for △the acquisition of the largest unlisted prefabricated housing portfolio in the U.S. and △the delisting of a publicly traded portfolio of outdoor industrial warehouses.

In the infrastructure sector (total investment of $3.3 billion), the company allocated △$1.7 billion to acquire a major U.S. residential fiber-optic provider and △$1 billion in additional funding for the construction of a U.S. semiconductor manufacturing facility.

Private equity investments totaled $1.4 billion. Brookfield signed an agreement to acquire “World Freight Company” (WFC), the world’s largest air cargo service provider. Under the terms of the deal, Brookfield will acquire WFC from private equity firms PAI Partners and EQT at an enterprise value of approximately $1.2 billion (approximately 1.6512 trillion won). The transaction is expected to close by the end of this year.

In addition, Brookfield deployed $1 billion across various renewable energy investments. Last July, the firm committed approximately $3 billion to acquire “iPA Power,” North America’s largest developer and operator of standalone battery energy storage systems (BESS). This transaction is scheduled to close by the end of this year.

Its fundraising capacity is also substantial. As of the end of June, Brookfield’s uncommitted fund commitments totaled approximately $149 billion (approximately 204.9495 trillion won). Of this amount, $68 billion represents funds that, if actually deployed for future investments, could generate annual fees of approximately $680 million.

The company’s corporate liquidity totaled $3.1 billion. This includes △funds for the acquisition of global asset manager Oak Tree △unused portions of short-term financial assets, among other items.

Brookfield also secured funds through borrowing. In the second quarter, the company issued $1 billion (approximately 1.3752 trillion won) in senior bonds. This consisted of $550 million in 5-year unsecured senior bonds (with a coupon rate of 4.832%) and $450 million in 10-year unsecured senior bonds (with a coupon rate of 5.298%).

Furthermore, Brookfield is expanding its investments in AI infrastructure and the power sector, backed by this large-scale fundraising. The company expanded the scope of its strategic partnership with Bloom Energy from $5 billion to $25 billion to fund power solutions for AI infrastructure.

It has also entered into a strategic partnership with the U.S. Department of Energy (DOE). The company announced that it will receive $17.5 billion in funding from the DOE to accelerate the adoption of Westinghouse reactor technology.

Westinghouse is a global nuclear services company. Brookfield and its institutional partners jointly own a 51% stake, while Cameco Corporation holds a 49% stake.

Brookfield has also expanded the scope of its AI infrastructure framework agreement with the French government from 20 billion euros to 30 billion euros. In Kentucky, the company plans to develop a $100 billion AI data center in collaboration with a North American energy company.

Earlier, in July, the U.S. Department of Energy announced a private-public partnership plan to build a massive $100 billion (approximately 144 trillion won) AI data center and energy infrastructure hub on the site of a former nuclear facility in Paducah, Kentucky.

Brookfield will develop and operate a 1.8 GW (gigawatt) data center complex, while NextEra Energy, the largest U.S. power company, plans to build a 2 GW natural gas power plant and a battery energy storage system (BESS) with a capacity of up to 2.6 GW to provide dedicated power supply.

One gigawatt is equivalent to the generating capacity of a single traditional nuclear power plant and is sufficient to supply electricity to approximately 750,000 households.