Canada-based alternative asset manager Brookfield Asset Management has raised $12bn for its latest flagship global private equity programme Brookfield Capital Partners VI (BCP VI).
The partners in Brookfield Capital Partners VI comprise various institutional investors, including public and private pension plans, financial institutions, sovereign wealth funds, family offices, and endowments and foundations.
Brookfield Asset Management has pledged $3.5bn for the global private equity programme.
According to the alternative asset management firm, Brookfield Capital Partners VI is the largest private equity fund raised by the company.
Brookfield Capital Partners VI has made investment commitments of nearly $4bn to acquire six businesses to date.
The fund is continuing to provide meaningful co-investment opportunities to its partners, said Brookfield Asset Management.
Brookfield private equity group CEO Cyrus Madon 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.”
The publicly-listed asset manager claims to have $850bn of assets under management across renewable, infrastructure, real estate, private equity, credit, and others.
It provides various alternative investment products to investors around the world, including endowments and foundations, sovereign wealth funds, public and private pension plans, financial institutions, insurance companies, and private wealth investors.
Brookfield private equity group president Anuj Ranjan said: “Our global deal pipeline remains robust during this current period of market dislocation, which is creating significant large-scale opportunities that suit our operationally intensive investment approach.”
