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A Canadian global investment and operating company focused on alternative asset management, wealth solutions, and long-duration real assets.

Last updated November 4, 2026

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Overview

Brookfield is the principal corporate brand of Brookfield Corporation, a Canadian public company headquartered in Toronto. The group invests in, manages and operates real assets and businesses that support essential economic activity. Its activities span alternative asset management, infrastructure, renewable power and transition assets, real estate, private equity, credit, insurance and retirement solutions. Brookfield serves institutional investors, pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisers and private-wealth clients. The modern corporation was created in 1997 through the merger of Edper Investments and Brascan Corporation. It initially operated as EdperBrascan, changed its name to Brascan in 2000, and adopted the Brookfield Asset Management name in 2005. In December 2022, the listed parent was renamed Brookfield Corporation and separated its fee-generating asset-management business into a separately listed company, Brookfield Asset Management Ltd., which trades under BAM. Brookfield Corporation retained a substantial ownership interest in the asset manager and continued to hold interests in wealth solutions and operating businesses. Brookfield’s heritage is older than the 1997 corporate formation. Its Brascan predecessor traces its roots to Canadian-led electricity and tramway ventures in Brazil. The São Paulo Tramway, Light and Power Company was established in 1899, followed by the Rio de Janeiro Tramway, Light and Power Company in 1904. In 1912, the Brazilian Traction, Light and Power Company was incorporated in Toronto to consolidate and finance those activities. The business later diversified into hydroelectricity, utilities, real estate, timber, mining and other operating sectors. The name Brascan combined “Brasil” and “Canada.” Today, Brookfield Corporation describes itself as operating through three connected areas: Asset Management, Wealth Solutions and Operating Businesses. Its asset-management platform raises and manages private funds across infrastructure, energy and transition, real estate, private equity and credit. Brookfield Wealth Solutions provides retirement services, annuities, reinsurance, property and casualty insurance and related capital solutions. The operating portfolio includes listed and privately held businesses associated with renewable power, infrastructure, real estate and business services. Brookfield’s distinctive positioning is that of a long-term owner-operator rather than a purely financial sponsor. It seeks assets with durable, often contracted or inflation-linked cash flows, then applies operational expertise, disciplined financing and long-duration capital. The group emphasizes downside protection, capital preservation, business improvement and reinvestment of cash flows. Its ecosystem combines investment professionals with operating companies, providing information, sourcing relationships and execution capabilities across sectors. The group has expanded internationally through acquisitions, partnerships, fund formation and the development of operating platforms. Significant milestones include the appointment of Bruce Flatt as CEO in 2002, the 2005 rebranding from Brascan to Brookfield Asset Management, the 2007 acquisition of Multiplex, the 2015 acquisition of control of Brookfield Global Integrated Solutions, the 2019 acquisition of a majority interest in Oaktree Capital Management, and the 2022 corporate reorganization. In 2026, Brookfield announced completion of the acquisition of the remaining Oaktree interests, bringing the credit platform more fully into Brookfield’s structure while retaining Oaktree’s leadership and investment identity. Brookfield’s current public identity is therefore broader than that of a conventional asset manager. Brookfield Corporation is an owner of investment-management franchises, insurance and wealth businesses, and operating companies, while Brookfield Asset Management is the principal fee-generating manager. Across the group, the brand is associated with large-scale alternative investments, infrastructure development, renewable energy, real estate ownership and private-market solutions.

History

Brookfield Corporation combines a modern alternative-investment business with a heritage extending more than a century into utilities, transportation, energy and real estate. The oldest predecessor associated with the group was the São Paulo Tramway, Light and Power Company, established in 1899 by William Mackenzie and Frederick Stark Pearson to develop and operate urban transport and electric infrastructure in Brazil. A related Rio de Janeiro tramway and power company followed in 1904. In 1912, the Brazilian Traction, Light and Power Company was incorporated in Toronto as a public holding company. It consolidated Canadian-backed interests in Brazilian electricity and tramway infrastructure and later became an important vehicle for hydroelectric and utility development. The company expanded its Canadian activities as well, including through Great Lakes Power Company, incorporated in 1916. Its corporate identity changed several times: Brazilian Traction became Brazilian Light and Power in 1966 and Brascan Limited in 1969. “Brascan” was formed from the words Brazil and Canada. During the 1970s, Brascan began reducing its Brazilian exposure and diversifying into real estate, timber, mining and other industries. By 1979, its remaining Brazilian assets had been transferred to Brazilian ownership, while the Canadian company continued as a diversified holding and operating business. The group’s history during this period included investments in property, natural resources, building services and other operating sectors rather than a narrow focus on financial products. Edper Investments, another predecessor, was founded in 1959 by brothers Peter and Edward Bronfman. Through a complex corporate structure and a series of investments, Edper became closely associated with Brascan. In the 1990s, the organization pursued simplification and consolidation. In April 1997, Edper announced its intention to merge with Brascan, in which it held a significant stake. Shareholders approved the transaction in July, and EdperBrascan Corporation was formed as an Ontario corporation on August 1, 1997. The company changed its name to Brascan in 2000. Bruce Flatt, who had joined the organization in 1990, became chief executive officer in 2002. Under his leadership, the company increasingly emphasized real assets, direct ownership, operating expertise and long-term capital allocation. In September 2005, Brascan was renamed Brookfield Asset Management. The new name helped establish a unified global identity around real estate, infrastructure, renewable power, private equity and other alternative investments. Brookfield expanded through major operating and investment transactions. In 2007, it acquired Multiplex, an Australian construction and contracting business. In 2012, Brookfield’s building-services operations and Johnson Controls Global WorkPlace Solutions were combined into Brookfield Johnson Controls. In 2015, Brookfield acquired control of that business and renamed it Brookfield Global Integrated Solutions, broadening its position in facilities management. During the 2010s, Brookfield also made substantial investments in Brazilian energy, infrastructure and real estate. A major strategic step came in 2019, when Brookfield acquired a majority interest in Oaktree Capital Management. Oaktree added deep capabilities in credit, distressed debt and opportunistic investing, complementing Brookfield’s established real-asset platforms. The two organizations operated as partners for several years before Brookfield announced the completion of its acquisition of the remaining Oaktree interests in August 2026. Oaktree’s investment identity and senior leadership were retained within the enlarged credit platform. In 2022, Brookfield reorganized its public-company structure. The former Brookfield Asset Management parent was renamed Brookfield Corporation, with ticker BN, and its fee-generating asset-management business was separated into Brookfield Asset Management Ltd., with ticker BAM. Brookfield Corporation retained ownership interests in the manager, wealth solutions and a portfolio of operating businesses. This structure distinguished the permanent-capital and principal-investment role of Brookfield Corporation from the fee-generating role of Brookfield Asset Management. The contemporary Brookfield group operates through three connected areas. Asset Management raises and manages private funds in infrastructure, energy transition, real estate, private equity and credit. Wealth Solutions provides annuities, retirement services, insurance, reinsurance and related capital solutions. Operating Businesses include interests associated with renewable power, infrastructure, real estate and business services. The group’s stated investment model is based on acquiring high-quality assets, improving operations, financing conservatively and building stable, growing and often inflation-linked cash flows. Brookfield’s historical evolution is therefore a progression from Canadian-backed Brazilian utilities to a diversified industrial holding company, then to a global owner-operator and alternative-investment platform. Its brand now represents both the investment-management capabilities of Brookfield Asset Management and the permanent capital, wealth solutions and operating assets held through Brookfield Corporation.

  • 2026

    Oaktree acquisition completed

    [6]

    Brookfield announced completion of its acquisition of Oaktree, further integrating the firms’ credit capabilities.

  • 2022

    Brookfield Corporation created through reorganization

    [7]

    The former Brookfield Asset Management parent was renamed Brookfield Corporation and separated its asset-management business into Brookfield Asset Management Ltd.

  • 2019

    Majority interest in Oaktree acquired

    [11]

    Brookfield acquired a majority interest in Oaktree Capital Management, adding a major credit and distressed-investment platform.

  • 2015

    Brookfield takes control of facilities-management platform

    [7]

    Brookfield acquired control of Brookfield Johnson Controls and renamed the business Brookfield Global Integrated Solutions.

  • 2007

    Multiplex acquired

    [7]

    Brookfield acquired Australian construction and contracting company Multiplex.

  • 2005

    Brascan renamed Brookfield Asset Management

    [7]

    The company adopted the Brookfield Asset Management identity as it developed a global investment-management platform.

  • 2002

    Bruce Flatt became chief executive officer

    [10]

    Bruce Flatt became CEO, beginning a long period of expansion around real assets, operating businesses and alternative investments.

  • 2000

    Company name changed to Brascan

    [7]

    EdperBrascan adopted the shorter Brascan corporate name.

  • 1997

    EdperBrascan Corporation formed

    [7]

    Edper Investments and Brascan merged to create the corporation that became the modern Brookfield parent.

  • 1979

    Remaining Brazilian assets transferred to Brazilian ownership

    [7]

    Brascan completed the transfer of its remaining Brazilian operating assets and continued diversifying into other sectors.

Products and positioning

A global, institutional-scale alternative investment and operating group focused on long-duration real assets, essential businesses, private-market strategies and wealth solutions.

  • Alternative asset management · 2022

    Brookfield Asset Management

    Brookfield Asset Management is the group’s principal fee-generating investment manager. It raises and manages private funds for institutional and private-wealth investors across infrastructure, energy and transition, real estate, private equity and credit. Its approach combines large-scale capital deployment with direct ownership, operational improvement and long-duration investment strategies.

  • Infrastructure investment

    Brookfield Infrastructure

    Brookfield Infrastructure invests in and operates essential infrastructure, including utilities, transport, data infrastructure, midstream assets and related networks. The strategy emphasizes assets with durable demand, contracted or regulated revenues and opportunities for operational enhancement.

  • Renewable power and energy transition

    Brookfield Renewable

    Brookfield Renewable develops, owns and operates renewable power and transition assets. Its activities include hydroelectricity, wind, solar, distributed energy, energy storage and other technologies supporting decarbonization and the modernization of power systems.

  • Real estate investment

    Brookfield Real Estate

    Brookfield’s real-estate activities include office, retail, residential, logistics, hospitality and development assets. The platform combines property ownership, development, redevelopment, asset management and operating expertise across major global markets.

  • Private equity

    Brookfield Private Equity

    Brookfield Private Equity invests in industrial, infrastructure-related and essential business-services companies. The strategy generally involves acquiring significant influence or control and improving performance through operational expertise, strategic repositioning and disciplined capital allocation.

  • Credit and distressed investing · 2019

    Oaktree

    Oaktree is Brookfield’s credit platform and is known for opportunistic credit, distressed debt, special situations, real-asset credit, asset-backed finance and performing credit. Oaktree retains its established investment culture and senior investment leadership within Brookfield’s broader credit business.

  • Insurance and retirement solutions

    Brookfield Wealth Solutions

    Brookfield Wealth Solutions provides retail and institutional annuities, pension risk-transfer solutions, reinsurance, property and casualty insurance and related retirement products. It invests insurance capital in long-duration assets intended to support policyholder obligations.

Brand decisions

  • 2026

    Completion of Oaktree acquisitionM&A

    Background

    Brookfield and Oaktree had operated as partners since 2019, and Brookfield pursued a fuller combination of their credit platforms.

    Action taken

    Brookfield completed its acquisition of Oaktree while retaining Howard Marks and Bruce Karsh as Oaktree co-chairs and preserving Oaktree’s investment leadership.

    Aftermath

    The combined platform expanded Brookfield’s capabilities across opportunistic credit, real-asset credit, asset-backed finance and performing credit.

  • 2022

    Creation of Brookfield Corporation and separation of asset managementStrategy

    Background

    Brookfield reorganized its public-company structure to distinguish the permanent-capital and principal-investment role of the parent from the fee-generating role of the asset manager.

    Action taken

    The former Brookfield Asset Management parent became Brookfield Corporation, while Brookfield Asset Management Ltd. was separately listed under BAM.

    Aftermath

    Brookfield Corporation retained interests in asset management, wealth solutions and operating businesses, while BAM became the dedicated listed manager.

  • 2019

    Acquisition of majority interest in OaktreeM&A

    Background

    Brookfield sought to complement its real-asset capabilities with a leading credit and distressed-investment platform.

    Action taken

    Brookfield acquired a majority interest in Oaktree Capital Management while preserving Oaktree’s leadership and investment identity.

    Aftermath

    The transaction established a broader credit platform spanning opportunistic credit, distressed debt and real-asset lending.

  • 2005

    Rebranding from Brascan to Brookfield Asset ManagementStrategy

    Background

    The diversified holding company was building a broader international investment platform and required a unified global identity.

    Action taken

    Brascan changed its corporate name to Brookfield Asset Management.

    Aftermath

    The Brookfield name became the central identity for the group’s real-estate, infrastructure, renewable-power and alternative-investment activities.

  • 1997

    Merger of Edper Investments and BrascanM&A

    Background

    Edper and Brascan pursued a corporate combination as part of a broader simplification and consolidation of their affiliated holdings.

    Action taken

    Shareholders approved the transaction and EdperBrascan Corporation was formed on August 1, 1997.

    Aftermath

    The new corporation became the legal and strategic foundation of the modern Brookfield group.

    Announced implied company value. $8 billion (1997)

Recent events

  • Reported

    Brookfield, Radiant and Drax agree to develop a UK AI data center[12]

    Drax Group said it signed an agreement with Brookfield and its neocloud platform Radiant to jointly develop an AI data center on the Drax Power Station estate in North Yorkshire. The initial phase is subject to planning, regulatory and network approvals and securing a tenant; final investment decisions have not yet been made.

  • Reported

    Avid proposes to acquire Ingenia Communities[13]

    Avid Property Group made an indicative $5.40-a-share proposal to buy Ingenia Communities, which said the proposal valued the land lease developer at $3.2 billion. Ingenia entered into a process deed with Avid and granted it six weeks of exclusivity for negotiations. The offer was backed by Mubadala Investment Company and Brookfield.

  • Reported

    Brookfield and La Caisse complete acquisition of Boralex[14]

    Brookfield, together with its institutional partners including Brookfield Renewable Partners, and La Caisse (formerly CDPQ) completed the previously announced acquisition of Boralex Inc. by way of a plan of arrangement, acquiring all issued and outstanding class A common shares for $37.25 per share in cash. Boralex shares are expected to be delisted from the Toronto Stock Exchange on or about August 17, 2026, and Boralex has applied to cease being a reporting issuer.

  • Nvidia partners with six Wall Street firms on $500 billion AI financing platforms[15]

    Nvidia signed memorandums of understanding with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to establish compute financing platforms aimed at raising more than $500 billion in third-party capital for AI infrastructure. Nvidia has the option to backstop up to $125 billion, or 25 percent, of the potential deals.

  • Reported

    Nvidia announces partnerships with six financial institutions for AI infrastructure financing[16]

    Nvidia announced strategic partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to establish independent financing platforms for AI computing infrastructure, aiming to mobilize more than $500 billion in third-party capital over time. The six institutions signed memorandums of understanding, with the partnerships subject to final agreements.

  • Reported

    Nvidia announces $500 billion AI chip financing partnership with Wall Street lenders[17]

    Nvidia announced a partnership with Goldman Sachs, Blackstone, Apollo Global Management, KKR, BlackRock and Brookfield to collectively finance AI computing deals totaling $500 billion, with Nvidia backstopping up to 25% of each opportunity. No deals were signed at the time of the announcement.

  • Reported

    Brookfield announces ₹3,800-crore REIT IPO[18]

    Brookfield announced a ₹3,800-crore initial public offer for its real estate investment trust. The issue was scheduled to open for subscription on February 3 and close on February 5.

  • Unconfirmed

    Cbus partners with Brookfield on built-environment innovation investments[19]

    Cbus announced a partnership with Brookfield under which Cbus will invest in technology-enabled, growth-oriented businesses connected to the built environment.

  • Reported

    Brookfield to acquire Genworth MI Canada[20]

    Genworth MI Canada, operating as Sagen MI Canada, announced an agreement under which Brookfield and affiliates would purchase the company's outstanding common shares not already owned by Brookfield for C$43.50 per share in cash. The proposed transaction was subject to shareholder, court and regulatory approvals and other closing conditions.

  • Unconfirmed

    Reported

    Brookfield retail division layoffs[21]

    Brookfield's retail division is set to let go roughly 400 employees, including workers in the field and in corporate offices; the firm's other 20,000 employees are not affected.

Read more(12)

Sources24 sources

  1. 1Brookfield Corporation 2025 Annual Reportbrookfield.com
  2. 2Brookfield Corporation official websitebn.brookfield.com
  3. 3Brookfield Asset Management: Asset Managementbrookfield.com
  4. 4Brookfield Wealth Solutionsbrookfield.com
  5. 5Brookfield Corporation Board of Directorsbn.brookfield.com
  6. 6Brookfield Completes Acquisition of Oaktreebn.brookfield.com
  7. 7Brookfield Corporationen.wikipedia.org
  8. 8Brascanen.wikipedia.org
  9. 9Edper Investmentsen.wikipedia.org
  10. 10Bruce Flatt became chief executive officerbrookfield.com
  11. 11Majority interest in Oaktree acquiredprivatewealth.brookfield.com
  12. 12Brookfield、Radiant 与 Drax 达成协议,共同开发英国人工智能数据中心cnbc.com
  13. 13Avid提出收购Ingenia Communitiesafr.com
  14. 14Brookfield与La Caisse完成对Boralex的收购leaderpost.com
  15. 15英伟达与六家华尔街机构合作推出5000亿美元AI融资平台bignewsnetwork.com
  16. 16英伟达宣布与六家金融机构合作设立AI基础设施融资平台aa.com.tr
  17. 17英伟达宣布与华尔街贷款机构合作5000亿美元AI芯片融资计划telecom.economictimes.indiatimes.com
  18. 18Brookfield宣布38亿卢比REIT首次公开募股business-standard.com
  19. 19Cbus与Brookfield合作投资建成环境创新领域miragenews.com
  20. 20Brookfield 将收购 Genworth MI Canadanewswire.ca
  21. 21Brookfield零售部门裁员finance.yahoo.com
  22. 22破产法院批准财团收购Forever 21的交易fashion.sina.com.cn
  23. 23Brookfield完成收购Hotel Leelaventure业务economictimes.indiatimes.com
  24. 24Brookfield acquires Hotel Leelaventure's businessrealty.economictimes.indiatimes.com

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