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Laxman Pai, Opalesque Asia: Canadian alternative investment firm Brookfield Asset Management has raised $12 billion for its latest flagship global private equity fund. The fund is larger than its predecessor vehicle, which closed in 2019 on $9 billion.
The new fund, Brookfield Capital Partners VI (BCP VI), is the largest private equity fund raised by the company, according to a media release from the asset manager.
Partners in BCP VI are a diverse group of institutional investors, including public and private pension plans, sovereign wealth funds, financial institutions, endowments and foundations, and family offices, said the asset management firm focused on property, renewable energy, infrastructure, and private equity.
Investors in the fund include Minnesota State Board of Investment, St. Paul; South Carolina Retirement Systems, Columbia; and Louisiana State Employees Retirement System, Baton Rouge.
Brookfield has committed $3.5 billion to the Fund, underscoring the firm's alignment of interests with other investors.
Cyrus Madon, CEO of Brookfield's Private Equity Group, said, "We are grateful for the confidence and support from our investors for BCP VI, Brookfield's largest private equity fund raised to date. Reaching this milestone is a testament to our strong track record and longstanding strategy of investing in high-quality, cash-generative businesses that will benefit from Brookfield's deep operating expertise."
To date, the Fund has committed a...................... To view our full article Click here
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