REVENUE (Tables)

6 Months Ended

Jun. 30, 2026

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table sets out revenue disaggregated by investment strategy and geography.


FOR THE THREE MONTHS ENDED JUNE 30, 2026 (MILLIONS)						Energy						Infrastructure						Private equity						Real estate						Credit						Total
Base management and advisory fees
United States						$	29					$	46					$	21					$	130					$	108					$	334
United Kingdom						68						71						21						75						3						238
Canada						52						111						34						6						18						221
Other						38						42						12						25						9						126
Incentive fees						41						87						—						—						—						128
						$	228					$	357					$	88					$	236					$	138					$	1,047


FOR THE THREE MONTHS ENDED JUNE 30, 2025 (MILLIONS)						Energy						Infrastructure						Private equity						Real estate						Credit						Total
Base management and advisory fees
United States						$	32					$	50					$	26					$	138					$	75					$	321
United Kingdom						44						51						20						65						4						184
Canada						61						91						18						6						20						196
Other						27						43						12						26						6						114
Incentive fees						36						80						—						—						—						116
						$	200					$	315					$	76					$	235					$	105					$	931


FOR THE SIX MONTHS ENDED JUNE 30, 2026 (MILLIONS)						Energy						Infrastructure						Private equity						Real estate						Credit						Total
Base management and advisory fees
United States						$	57					$	88					$	44					$	264					$	185					$	638
United Kingdom						128						129						47						137						6						447
Canada						102						224						53						12						38						429
Other						75						97						24						52						17						265
Incentive fees						84						174						—						—						—						258
						$	446					$	712					$	168					$	465					$	246					$	2,037


FOR THE SIX MONTHS ENDED JUNE 30, 2025 (MILLIONS)						Energy						Infrastructure						Private equity						Real estate						Credit						Total
Base management and advisory fees
United States						$	60					$	94					$	50					$	316					$	152					$	672
United Kingdom						87						97						41						154						8						387
Canada						108						188						33						12						39						380
Other						52						86						23						45						7						213
Incentive fees						73						160						—						—						—						233
						$	380					$	625					$	147					$	527					$	206					$	1,885