Brookfield Asset Management Ltd. BAM-T is bringing in record hauls of cash from investors, as its expanding artificial intelligence and insurance strategies supplement fundraising for its flagship funds.

Brookfield raised US$77-billion across its various funds in the second quarter, the company announced on Wednesday, when it released financial results up to June 30.

A majority of that came in the form of a US$40-billion mandate to invest money on behalf of British insurer Just Group PLC, which Brookfield acquired in April in a US$3.2-billion deal.

Brookfield’s strategy for backing AI infrastructure, launched last…