Brookfield Asset Management's second quarter Distributable Earnings rose 15% on record fundraising of $77 billion.

Brookfield Asset Management reported strong second quarter results, driven by record capital inflows. Distributable Earnings (DE) were $707 million, or $0.44 per share, up 15% year-over-year. Fee-related earnings (FRE) increased 20% to $808 million, or $0.50 per share.

Key Highlights

• Raised a record $77 billion in the second quarter, bringing the year-to-date total to $98 billion.
• Fee-related earnings (FRE) grew 20% year-over-year to $808 million, while Distributable Earnings (DE) increased 15% to $707 million.
• Fee-bearing capital reached $672 billion, a 19% increase from the prior year, driven by $163 billion in fundraising over the last twelve months.