Brookfield's Bruce Flatt on Succession Plan, AI and Strategy

Watch on YouTube ↗  |  February 04, 2026 at 17:50  |  12:16  |  Bloomberg Markets
Speakers
Bruce Flatt — CEO, Brookfield Asset Management

Summary

Bruce Flatt, CEO of Brookfield, discusses the succession plan that makes Connor Teskey CEO of Brookfield Asset Management while Flatt focuses on the parent company. He highlights Brookfield's large bet on AI infrastructure, saying power is the key bottleneck and nuclear energy is a critical build-out area supported by a US government partnership. Flatt also describes Brookfield's credit strategy, favoring asset-backed finance and opportunistic credit, and sees potential value emerging from the software cycle. He closes with a long-term buy-and-hold message for great companies.

  • Brookfield Asset Management named Connor Teskey CEO, while Bruce Flatt remains involved at the parent level.
  • Flatt says Brookfield's real-asset and credit businesses are growing, with asset-backed finance insulated from headline credit worries.
  • Brookfield sees underinvestment in private AI infrastructure, especially data centers and power.
  • Power is identified as the main AI bottleneck for the next decade, requiring major grid expansion.
  • Nuclear energy is a key solution, with a US government partnership to build plants and a domestic supply chain.
  • Credit selloffs are viewed as opportunities, and Brookfield is watching software for distressed value.
  • Flatt advises long-term ownership of great companies rather than reacting to daily market moves.
Ideas
Bruce Flatt CEO, Brookfield Asset Management 1:48
Brookfield asset management growth is accelerating
Brookfield Asset Management is in a strong growth cycle: as a real-asset investor it keeps raising and deploying capital at good returns, the business is accelerating, and its credit arm is asset-backed finance rather than the troubled credit segments in the news, so it keeps adding people, countries, and clients.
BAM HIGH
Bruce Flatt CEO, Brookfield Asset Management 2:51
Private real assets offer excellent returns
Private real-asset investing is attractive because entitling land, securing power, and building complex infrastructure are very difficult; those barriers mean fewer investors can do deals, which supports excellent returns and leaves the private market underinvested.
Private real assets HIGH
Bruce Flatt CEO, Brookfield Asset Management 3:32
AI infrastructure is underbuilt and attractive
AI cloud capacity is a major underinvestment area: governments and large tech companies need more backbone infrastructure at scale, easy sites are already committed, and the remaining hard sites require scarce technical capability to bring on data centers and related infrastructure; long-term leases make the build-out attractive.
AIQ DTCR HIGH
Bruce Flatt CEO, Brookfield Asset Management 3:48
Power is AI's decade-long bottleneck
Power is the bottleneck for AI over the next ten years; because power is scarce and hard to bring on, Brookfield's large power business is well positioned, and the US will need to double the electrical grid over the next 20 years.
Power infrastructure GRID HIGH
Bruce Flatt CEO, Brookfield Asset Management 5:52
Nuclear buildout creates government-backed opportunity
Nuclear energy is critical to solving the power bottleneck: Brookfield's Westinghouse deal and US government partnership will support building eight to ten plants for the government and 18 more for others, creating a domestic nuclear supply chain and providing needed baseload power.
URA HIGH
Bruce Flatt CEO, Brookfield Asset Management 10:27
Asset-backed credit offers quality underwriting exposure
Credit markets are rewarding asset quality, and Brookfield's focus on asset-backed finance and lending to the real economy leaves it with little exposure to today's problem areas; that underwriting discipline may prove fortuitous.
Asset-backed finance MED
Bruce Flatt CEO, Brookfield Asset Management 10:42
Credit selloffs create opportunistic buying chances
Opportunistic credit is a big opportunity because Brookfield has little exposure to troubled credit segments and when things sell off they often go too far; the team is already focused on dislocations and looking for value.
Opportunistic Credit HIGH
Bruce Flatt CEO, Brookfield Asset Management 11:01
Software selloff may create distressed value
Brookfield is very underexposed to software, but its private equity and opportunistic credit strategies look at industries after selloffs; the current software cycle is likely to create pockets of amazing value, so software distress is a developing opportunity.
IGV MED
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This Bloomberg Markets video, published February 04, 2026, features Bruce Flatt discussing BAM, Private real assets, AIQ, DTCR, Power infrastructure, GRID, URA, Asset-backed finance, Opportunistic Credit, IGV. 8 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Bruce Flatt  · Tickers: BAM, Private real assets, AIQ, DTCR, Power infrastructure, GRID, URA, Asset-backed finance, Opportunistic Credit, IGV