The Toronto-based asset management firm raised its biggest fund yet from a group of public and private pension plans, sovereign wealth funds, financial institutions, endowments and foundations, and family offices. Brookfield itself committed US$3.5 billion to the fund. (The Logic)
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The Toronto-based asset management firm raised its biggest fund yet from a group of public and private pension plans, sovereign wealth funds, financial institutions, endowments and foundations, and family offices. Brookfield itself committed US$3.5 billion to the fund. (The Logic)
Talking point: Brookfield has remained an active investor in a year when many other firms have slowed their deal making amid economic uncertainty. The firm has already deployed about US$4 billion of the new fund. It plans to invest more in sectors like tech and health care, as inflated valuations in those spaces start to cool. It’s also ramping up spending on renewable energy assets. The Financial Times reported Tuesday that Brookfield has struck a US$1-billion deal to buy the renewable energy division of U.K.-based Banks Group, and last week the firm announced it will invest up to US$845 million on a joint venture with Axis Energy Ventures, which operates wind and solar projects in India.
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