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.
BAM Updated Jul 12, 2026 4 AI consumers
Per the valuechain.wiki graph, Brookfield Asset Management Ltd. is directly linked to 1 companies (0 supply, 1 revenue relationships) and reaches 8 companies within two hops; the links are backed by 5 dated sources, 1 of them primary filings (as of 2026-07-12).
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
- 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 |
|---|---|---|---|---|---|---|---|
| Starbucks Corp | lead2 | +11.1 | -13.2 | -1.2 | -2.5 | -5.3 | +27.4 |
| Johnson Controls | lead2 | +77.4 | -19.3 | -7.6 | +39.8 | +53 | +20 |
| Snowflake | lead2 | +20.4 | -57.6 | +38.6 | -22.4 | +42.1 | +19.2 |
| Costco Wholesale | lead2 | +51.8 | -19 | +49 | +39.6 | -5.4 | +6.6 |
| Walmart Inc | lead2 | +2 | -0.5 | +12.9 | +74 | +24.5 | +2.6 |
| ServiceNow | lead2 | +17.9 | -40.2 | +82 | +50.1 | -27.7 | -29.7 |
| Microsoft | lead1 | +52.5 | -28 | +58.2 | +12.9 | +15.6 | -20 |
| Brookfield Asset Management Ltd. | node | · | · | +45.6 | +39.7 | -0.2 | -9 |
YTD as of 2026-07-10 · source: Yahoo Finance
The thesis is a position that intermediates the AI power bottleneck with capital. Brookfield owns both renewable generation and data centers (Compass, Data4), so frameworks like the Microsoft 10.5 GW / $10bn+ deal (2026-2030) wire hyperscaler power demand directly to its own generation assets. The spine of earnings is management fees from pension and sovereign LPs: $603bn of fee-bearing capital produced $3.0bn of fee-related earnings in 2025, a perpetual/long-dated capital structure. On the graph it is the 'capital source' of the power/data-center layer — as AI capex grows, its ~$134bn of undeployed commitments flows downstream into renewables and data centers. The risk is leverage sensitivity: rising rates and funding costs press asset values and new fundraising at once.
Analysis generated from returns as of 2026-07-09Analyst ratings
Consensus: Buy 3 · Hold 2 · Sell 0 · Avg. target $58 · Price $46.72 (07-10) · Upside +24%
| 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
- Capital that funds the boom runs on the rate clock: banks, asset managers, Berkshire Jul 9, 2026
- AI money stays inside the chain: consumption and capital run on other clocks Jul 5, 2026