Fri, Mar 29, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Brookfield Asset Management raises $9bn for fifth buyout fund

Tuesday, November 05, 2019

Laxman Pai, Opalesque Asia:

Toronto-based alternative asset management company Brookfield Asset Management closed its latest flagship private-equity fund, Brookfield Capital Partners V (BCP V), at $9 billion, exceeding its $7 billion fundraising target.

BCP V's previous flagship fund, Brookfield Capital Partners IV, closed in 2016 at $4 billion, said a press release from the company with around $330 billion of assets under management.

Brookfield in early August revealed it had collected just over $8.3 billion for the fund, according to a Securities and Exchange Commission filing.

Investors in the Fund are a diverse group of institutional investors, including public and private pension plans, sovereign wealth funds, financial institutions, endowments and foundations, family offices, and private wealth investors.

$216.2 billion New York State Common Retirement Fund, Albany; New Jersey Division of Investment, which manages investments for the $76 billion New Jersey Pension Fund, Trenton; $101.1 billion Minnesota State Board of Investment, St. Paul; and $32 billion South Carolina Retirement System Investment Commission, Columbia are among those institutional investors.

Brookfield Business Partners, a publicly traded private equity fund committed $3 billion to the new fund.

Cyrus Madon, head of Brookfield's private equity business, said "We have already deployed capital into a number of high-quality businesses and look forward to continuing to prudently in......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1