Brookfield Asset Management has reported “record” fundraising in the second quarter of 2026, driven by its private equity, credit and infrastructure platforms.

In the manager’s quarterly earnings release, it reported $77bn (£57.2bn) of fundraising during the quarter, with $163bn raised over the past 12 months.

New York-headquartered Brookfield said much of the capital raised came from its flagship strategies and a large investment management mandate, including the seventh vintage of its private equity strategy, which raised $6.7bn, and the sixth vintage of its infrastructure strategy, which hit $9.3bn.

“We delivered a strong second quarter, with record fundraising of $77bn, led by private equity, infrastructure, and credit,” said Connor Teskey, chief executive of Brookfield.

For private credit, the firm said it raised $51bn of capital, including $45bn from Brookfield Wealth Solutions, which consisted of the $40bn mandate from UK retirement specialist Just Group, acquired in April. The manager also raised $6bn across Oaktree and approximately $600m for its infrastructure debt strategy.

The fundraising comes as Brookfield completed the acquisition of Oaktree during the second quarter, expanding its private credit platform across opportunistic credit, real asset credit, asset-backed finance and corporate performing credit.

Brookfield also deployed $10bn across its credit strategies within the quarter, including $1.9bn into opportunistic credit.

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In its results, the global alternatives manager reported quarterly fee-related earnings of $808m, while distributable earnings reached $707m. Brookfield also said its assets under management had surpassed $1tn.

“Fee-related earnings grew 20 per cent to $808m, and fee-bearing capital reached $672bn, up 19 per cent year-over-year, delivering performance above our long-term targets,” added Teskey.

During the quarter, Brookfield also partnered with AllianceBernstein to distribute its real asset strategies through target-date funds, as alternative managers look to increase their presence in the US defined contribution (DC) market.

John Payne, managing director at Brookfield, who leads its global DC strategy and business, recently told Alternative Credit Investor that a defining feature of the strategy is the collaboration between multiple managers.