- Asset management firm Brookfield promoted Connor Teskey to CEO, succeeding Bruce Flatt.
- Brookfield posted record Q4 fundraising of $35B and raised its quarterly dividend by 15%.
- The company closed a $1.2B acquisition of Peakstone Realty’s 76-property portfolio.
- Major trends in infrastructure, industrial, and data centers are driving future asset management strategy.
Leadership Change and Strong Performance
Brookfield Asset Management has promoted Connor Teskey, former president and head of its renewable business, to the position of CEO as part of a planned transition, according to CoStar. The move comes as Brookfield reported a record quarter, highlighted by $35B in new fundraising and a 15% dividend increase. Teskey, who joined in 2012 and became president in 2022, will lead the asset management powerhouse, while outgoing CEO Bruce Flatt will remain chair and CEO of Brookfield Corp.
Fee Growth Powers Results
The asset management firm credited its performance to a surge in fee-related earnings, which jumped 28% year-over-year to $867M—now the main contributor to distributable profits. Brookfield managed more than $1T in real estate and alternative assets at year-end. The company completed $66B in investments and $80B in asset sales in 2025, with leadership citing a healthy economic backdrop and stabilized interest rates supporting increased deal activity. The firm has also leaned more heavily on its credit platform to capture investor demand for yield, using private credit and structured lending strategies to scale fee-generating capital amid shifting market conditions.
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Investment Focus on Infrastructure and Industrial Assets
Brookfield continues to double down on large-scale trends such as digitalization, deglobalization, and growing energy demands, all of which shape its asset management strategy. The firm rolled out a new AI Infrastructure Fund within its $100B AI Infrastructure Program, targeting data centers and power infrastructure, with partners including Nvidia and Kuwait Investment Authority. Recent acquisitions include Peakstone Realty’s 76 US industrial assets for $1.2B and Australia’s National Storage REIT, expanding the company’s footprint in both industrial and self-storage sectors. Brookfield is also exiting assets such as London’s CityPoint office tower and Korea’s Cheongna Logistics Center, reflecting ongoing portfolio optimization.
What’s Next
Record investment activity in 2025 sets the stage for future growth for Brookfield’s asset management platform. With significant available capital and a pipeline centered on infrastructure, data centers, and experiential real estate, Brookfield’s leadership expects robust deal flow and continued expansion into high-growth sectors. The company anticipates infrastructure will remain a primary contributor to its asset management results through 2027 as demand for data, power, and resilient supply chain assets intensifies globally.
