TRANSCRIPT: Brookfield Asset Management 2025 Investor Day September 10, 2025
BROOKFIELD SPEAKERS:
Opening Remarks
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Jason Fooks, Managing Director, Investor Relations
Positioned to Win Today and Tomorrow
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Connor Teskey, President
Fundraising Outlook & Five-Year Financial Plan
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Hadley Peer Marshall, Chief Financial Officer
Fund Spotlight Panel: Winning with Scale and Differentiation
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Brian Kingston, Executive Chair, Real Estate
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Anuj Ranjan, Chief Executive Officer, Private Equity
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Sikander Rashid, Managing Partner and Head of Europe, Infrastructure
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Chloe Berry, Managing Partner, Infrastructure
Fireside Chat: Perspectives on Leadership and the Future
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Bruce Flatt, Chief Executive Officer
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Cyrus Madon, Executive Vice Chair
PRESENTATION
Jason Fooks, Managing Director, Investor Relations
All right, good afternoon everyone, and welcome to Brookfield Asset Management's 2025 Investor Day. On behalf of our entire senior management team, thank you for joining us here in person in New York, and virtually through our webcast. We appreciate your continued interest and partnership.
We've planned a terrific agenda today for you. First, Connor Teskey, our President will begin by discussing our strategic priorities, priorities that underpin our success and that are driving sustained growth across our businesses. Next, Hadley Peer Marshall, our CFO, will talk about the targets we set for ourselves five years ago and how we performed against them, and outline our plan over the next five years.
After that, we've lined up a terrific panel, people that will highlight some of the important strategies that are coming to market soon and funds that are scaling quickly. Finally, Cyrus Madon, Executive Vice Chair, will sit down with our CEO, Bruce Flatt, for a conversation on leadership, reflecting on the lessons that have shaped Brookfield's success over the past few decades and their perspectives on the future.
Between each of these sessions, we'll feature short case study videos. We often speak about owning and operating the real assets and essential service businesses that make up the backbone of the global economy. The purpose of these videos is really to highlight the true scale and quality of these assets, something that's difficult to convey just through slides and numbers alone.
Now, before we begin, I just want to touch on a few housekeeping notes. We'll be happy to take questions both from our in-person audience and our virtual audience, but we'll do that at the end of BAM's presentations. If you just wait for a mic to reach you, that will allow us hear your question clearly.
And as always, I'd like to remind you that during the Q&A and throughout today's discussions, we make forward-looking statements. These statements are predictions about future events and trends and are subject to risks and uncertainties. Actual results may differ materially from these that we discussed today. And for further details, please refer to our filings with the securities regulators in the US and Canada, and the cautionary statements contained in our presentation, all of which are available on our brand new website that we just launched last week.
So definitely go and check that out later, because for now, please silence your phones, sit back and enjoy the presentations. Let's get started by welcoming Connor Teskey to the stage.
POSITIONED TO WIN TODAY AND TOMORROW
Connor Teskey, President
Thanks, Jason. Last year when we gave this presentation, we explained how our platform was prepared to deliver and double in size over five years, matching more than the growth that had been delivered in the 25 years prior. This year, we intend to convey how we continuously add new additional growth levers to our business that will allow us to outperform our long-term earnings targets, not only in the near term, but beyond.
Today, Brookfield Asset Management is the leading global alternative asset manager focused on real assets. We manage over a trillion dollars across five key verticals, and we use a distinct owner-operator approach to deliver attractive risk-adjusted returns across all our strategies and products. And our platform, our global reach, our scale allows us to deliver on this performance, but it is our focus on critical assets and services, the backbone of the global economy, that ensures that we are always positioned at the epicenter of the largest and most attractive investment themes around the world.
We execute on this business through an irreplaceable platform that is global in nature, that allows us to raise and deploy capital in all of the world's most attractive markets. We use boots-on-the-ground individuals that allow us to invest, operate and raise funds across each of our strategies in every market around the world that we do business. And while that gives us a platform for success and growth, it also gives us an unparalleled global perspective to identify new trends around the world that we can position our business to capitalize on wherever and wherever they originate.
And as we continue to say and have been saying for years, the largest investment themes around the world today are those of digitalization, deglobalization and decarbonization. Similar to what we said last year, these are attractive because the growth opportunities and the capital needs in each of these themes are so significant that they outstrip what is available from both public companies and from governments.
And this creates a large, attractive, and growing opportunity for private capital. And that comment is more true today than it was last year, and it's far more true today than it was four or five years ago when we started talking about the three Ds. And we continue to believe that the largest and most attractive opportunities are for those who can operate at scale, at the epicenter of one or more of these dynamics.
And when you look at our platform, our position in the market and the themes that we are on the forefront of, we not only have a business that can double in less than five years, but can continue to add new growth levers over time on a repeatable basis. And that allows us to deliver up to 20% compound earnings on a year-over-year basis, not just in the near term, but longer term as well.
And we can do this because of the leadership position that we already have that we continue to build from. And that leadership position is very difficult for anyone to replicate. It's been built over decades of delivering attractive risk adjusted returns at a scale and a consistency that few, if any, can match.
However, our focus on the backbone of the global economy and our continued focus on essential assets sometimes overshadows what we think is an underappreciated component of our business, which is we continue to work to preserve our leadership position by constantly evolving our platforms to take advantage of whatever the next large and attractive opportunity is.
By doing this, we can continue to raise more capital from a wider spectrum of investors, and similarly, on a continuous basis, we can generate proprietary deal flow, we can identify new trends, and we can
continue to launch and scale new products and strategies that meet the needs of the market and of our clients. And as we think of what are the dynamics that will continue to add these new growth levers in the future, there are four. These are products, partnerships, performance, and individuals. Let's start with products. Brookfield has a proven embedded capability to scale strategies that we already have, but we also have a unique and repetitive capability to develop, build, and launch, one, new strategies that meet the evolving market needs around the world and the demands of our clients, as well as products within those strategies that are uniquely tailored to the widening spectrum of investors that are now seeking to get exposure to alternatives.
And we can do this very efficiently and effectively because we already have large and leading platforms across the most important and fastest growing segments of the alternative sector. When we launch a new adjacent or complementary product, it is not starting from scratch. It can leverage the existing global platform that already exists within that asset class. And this allows us to do this on a repeated basis with a high degree of success very quickly and at strong margins. And Hadley is going to come up shortly to explain our five-year plan. And what she's going to show is that our largest products are flagships. They continue to scale very quickly, but a growing portion of our future growth is now coming from complementary and ancillary products. And this is not new. This is part of an ongoing process that has been happening for more than a decade where we are systematically looking to offer the full suite of products and services across debt, equity and structured solutions across every vertical we have for every investor type we look to service.
And this is already showing up in our results. Over 70% of our fee revenue today comes from products and strategies that have been launched in the last decade. And we expect those strategies to make up about two-thirds of our fundraising in our five-year plan.
So what are some tangible examples of this? Over the last 10 years, we've built a credit franchise that today represents 30% of our global revenues and is growing at more than 20% a year. And we've done this solely by not trying to be all things to all people, but rather leveraging the existing leadership positions we already have. We have a leading real asset finance business that leverages Brookfield's historical leadership and real assets.
We have a leading opportunistic credit franchise leveraging Oaktree's historical leadership position, and we have one of the largest and fastest growing asset finance franchises leveraging the leadership of Castlelake, Primary Wave and our other partner managers.
But it doesn't always take 10 years. Sometimes it can be a lot faster. In 2021, we launched our first ever energy transition product, leveraging our multi-decade track record within renewables. In less than five years, we now have a franchise that produces over $400 million a year. And every product within that strategy is market-leading in terms of its scale. And we were able to do that by simply leveraging the capabilities platform and knowledge that already existed within Brookfield. And this is not a one hit wonder. We are already seeing history repeat itself. Today there is a significant market opportunity to fund the growth of AI infrastructure, both in this country and around the world. And that strategy is going to require a unique pool of capital that is dedicated to the investment profiles within that theme.
And given our leadership in digital infrastructure, our relationships with the hyperscalers, our experience in advanced manufacturing, and our leading power business around the world across traditional renewables and nuclear, we feel we are placed to launch a market-leading AI infrastructure franchise. And you will hear more about that on the panel later today.
So let's move to partnerships. Brookfield is unique, our owner-operator approach, the alignment that comes by investing significant Brookfield capital alongside our LP partners, and the dedicated industry-specific knowledge and experience, this differentiates us and makes us a sought-after counterparty for the largest and most important organizations in the world for their strategic and growth initiatives. And our ability to provide large-scale flexible capital solutions and to deliver transaction certainty provides us a large and attractive proprietary deal flow pipeline where we don't need to compete on cost of capital. And we are able to offer this attractive deployment to our clients through our private funds.
And again, this is not theoretical. Simply from bilateral partnerships that we have announced in 2025, we have $40 billion of go-forward deployment opportunities, and that's on top of partnerships we'd announced before this year where we're already and continuously deploying capital.
And obviously we can use this attractive deal flow to scale up some of our existing strategies, but we can also use it to launch new strategies, the way our Barclays partnership is helping us launch our financial infrastructure fund, or our sovereign AI partnerships are helping us launch our AI infrastructure platform.
And these partnerships go beyond just funding arrangements. By working closely with the largest and most sophisticated organizations around the world, we consistently and continuously find more ways to work together. We can be their operating partner, they can be a tenant in our buildings, we can manage their pension for them, they can be an off-taker of our assets. We can pursue new investments together in the future. These partnerships are only going to scale with us as our business grows.
And we are able to execute these partnerships and we are able to launch these products because of what is the bedrock of our business, which is our long track record of delivering very attractive risk adjusted returns. Our value oriented approach and our focus on essential durable assets with long-term cash flows provides a platform that can perform across the market cycle and in a number of economic environments.
And this is particularly important today as public markets become more volatile and as some of the new investors looking to get exposure to alternatives, put an increasing focus on downside protection, consistency and liquidity. And this is exactly what we offer. By continuing to invest in high quality businesses, we can continue to expand into the largest and most attractive areas of real assets, but those that can continue to deliver the consistency and resiliency of returns that have defined our franchise for years. And this is particularly important for the individual investors we are looking to target, and also insurance companies that are looking to get exposure to alternatives who want those premium returns, but want to avoid illiquidity and volatility that has plagued some in the sector.
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Disclaimer
Brookfield Asset Management Ltd. published this content on September 16, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on September 16, 2025 at 15:15 UTC.
