Brookfield Asset Management Launches Its Fifth PE Fund

https://dailyalts.com/wp-content/uploads/2019/10/52e3d4404352a414ea898579ce203e7c1d22dfe05558784e73277cd3_640.jpg

The asset manager more than doubles its predecessor fund.

The new Brookfield Capital Partners V reached total equity commitments of $9 billion, according to Brookfield Asset Management. The company released a statement this week outlining the goals of the private equity fund and its type of investors.

The firm cited strong investor demand that allowed it to outpace its planned $7 billion fundraising target. BCP V’s predecessor fund closed in 2016 with $4 billion of total capital commitments.

Brookfield Capital Partners V Fund Investors

Meanwhile, the fund describes investors as a diverse group. These investors include institutional investors, including public and private pension plans, sovereign wealth funds, financial institutions, endowments and foundations, family offices, and private wealth investors. Brookfield Business Partners committed $3 billion to the Fund, underscoring the alignment of interests with other investors.

“We are pleased to have reached this milestone based on the ongoing strong support we have received from our investors,” said Cyrus Madon, head of Brookfield’s private equity business. “We have already deployed capital into a number of high-quality businesses. [We] look forward to continuing to prudently invest where we can bring our operating capabilities, global scale, and expertise…”

Finally, Brookfield Capital Partners V has committed approximately $2.5 billion to acquire businesses. It further seeks investments with high barriers to entry, low production costs, and the potential for enhanced cash flow generation. The list also includes an automotive battery business and a large private hospital operator in Australia.

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2020/08/og_overview-siri.png
Artificial Intelligence: Chinese Company Sues Apple For Violating Its Voice Recognition Patent
August 3, 2020     Artificial Intelligence, News

This dispute is over ten years old. According to Reuters, Shanghai Zhizhen Intelligent Network Technology Co., Ltd., also known as Xiao-I, has slapped Apple (NASDAQ: AAPL) with a $1.43 billion…

https://dailyalts.com/wp-content/uploads/2020/08/screenshot-www.curve_.com-2020.08.03-16_01_59.png
Venture Capital: UK Fintech Curve Eyeing Fundraise Between £100m and £120m
August 3, 2020     FinTech, News, Venture Capital

Sifted revealed that London-based fintech Curve may raise an amount upwards of £100 million in a proposed Series C round. It reportedly started its efforts to raise money earlier this…

https://dailyalts.com/wp-content/uploads/2020/08/internet-1862312_640.jpg
Digital Assets: Ransom Amounts Escalate Into Tens of Millions As Hacks Get Bolder
August 3, 2020     Digital Assets, News

The Twitter (NYSE: TWTR) attack gathered a lot of notoriety, mainly because it affected the accounts of so many prominent personalities. The scam garnered roughly $120,000 for its perpetrators and…

https://dailyalts.com/wp-content/uploads/2020/08/screenshot-www.mobeewave.com-2020.08.03-13_54_38.png
FinTech: Apple Acquires Mobeewave To Extend Payments Functionality
August 3, 2020     FinTech, News

Mobeewave, a Canadian tech startup that aims to convert smartphones into payment terminals, has been acquired by Apple Inc (NASDAQ: AAPL) for $100 million, according to Bloomberg. The Mobeewave startup…