Brookfield Corporation
Headquarters at Brookfield Place | |
| Formerly | EdperBrascan Corporation (1997–2000) Brascan Corporation (2000–2005) Brookfield Asset Management (2005–2022) |
|---|---|
| Company type | Public |
| Industry | Financial services |
| Founded | 1 August 1997 |
| Headquarters | Brookfield Place, |
Area served | Worldwide |
Key people | |
| Services | Asset Management |
| Revenue | US$95.9 billion (2023) |
| US$5.11 billion (2023) | |
| AUM | US$900 billion (2023) |
| Total assets | US$490 billion (2023) |
| Total equity | US$168 billion (2023) |
Number of employees | c. 240,000 (December 2023) |
| Subsidiaries | |
| Website | brookfield |
| Footnotes / references | |
Brookfield Corporation is a Canadian multinational company that is one of the world’s largest alternative investment management companies. It has over US$900 billion of assets under management, much of which is workers’ deferred income from global public pension funds. It focuses on direct control investments in real estate, renewable power, infrastructure, credit and private equity. The company invests in distressed securities through Oaktree Capital, which it bought in 2019. Brookfield Corporation's headquarters are in Toronto, while its subsidiary Brookfield Asset Management has been based in New York since 2024.
The current Brookfield Corporation is the creation of the 1997 merger of Edper and Brascan. At its inception, the company was known as EdperBrascan, then changed its name to Brascan in 2000, and Brookfield Asset Management in 2005. In December 2022, the company renamed itself Brookfield Corporation (traded as BN) and spun off its asset management business as Brookfield Asset Management (traded as BAM).
In June 2024, Brookfield Asset Management ranked 24th in Private Equity International's PEI 300 ranking among the world's largest private equity firms.