Recent Updates — BAM
Brookfield Asset Management Ltd. announced it will release its third quarter 2026 financial results prior to 7:00 a.m. ET and host a conference call and webcast at 10:00 a.m. ET on Friday, November 6, 2026. The company is a leading global alternative asset manager with over $1 trillion of assets under management across infrastructure, energy, private equity, real estate, and credit.
Brookfield Asset Management welcomed a strategic framework agreement between the U.S. Government and the Republic of Korea to support the deployment of Westinghouse nuclear technology in the United States. The agreement commits up to $120 billion of Korean investment to finance the construction of eight large nuclear reactors on federal sites, including six Westinghouse AP1000 units and two APR1400 units incorporating Westinghouse technology. Korea will make a cornerstone equity investment of between 5% and 10% in Westinghouse. This initiative builds on a prior partnership announced in October 2025 to fund at least $80 billion of Westinghouse reactors, separate from a June 2026 Department of Energy loan arrangement. Brookfield Asset Management Ltd. is a leading global alternative asset manager with over $1 trillion in assets under management across infrastructure, energy, private equity, real estate, and credit.
Brookfield Asset Management Ltd. announced a revision to its presentation of non-GAAP financial measures, specifically Fee Revenues, Fee-Related Earnings, and Fee-Bearing Capital, effective with the third quarter results ending September 30, 2026. The company will now present its proportionate share of fee revenues and expenses from partner managers on a gross basis rather than netting them against each other, and will include servicing fees in Fee-Bearing Capital to better align with revenue profiles. This change provides greater transparency into the credit business but does not impact reported Fee-Related Earnings or Distributable Earnings. Brookfield Asset Management Ltd. operates as a global alternative asset manager.
Brookfield Asset Management Ltd. announced an agreement to acquire 100% of Reliance Worldwide Corporation in an all-cash transaction valued at approximately US$2.8 billion. The proposal offers US$3.38 per share, a recommendation unanimously supported by Reliance's Board. Subject to customary closing conditions, including shareholder and regulatory approvals, the acquisition is expected to close in Q1 2027. Brookfield will fund the investment through its flagship private equity strategy and affiliate Brookfield Business Corporation. This strategic move positions Brookfield to expand its industrial portfolio by acquiring a global market leader in plumbing and heating solutions.