Brookfield Asset Management recently announced the closing of its latest flagship global private equity program Brookfield Capital Partners VI (BCP VI). With $12 billion in total capital raised for the strategy, BCP VI is now the largest private equity fund raised by Brookfield.
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. And Brookfield has committed $3.5 billion to the Fund, highlighting the firm’s alignment of interests with other investors.
So far, the Fund has committed approximately $4 billion to acquire six market-leading businesses and continues to provide meaningful co-investment opportunities to its partners.
As a leading global alternative asset manager, Brookfield Asset Management has $850 billion of assets under management across renewable, infrastructure, real estate, private equity, credit and other. And the company invests client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy.
KEY QUOTES:
“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.”
— Cyrus Madon, CEO of Brookfield’s Private Equity Group
“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.”
— Anuj Ranjan, President of Brookfield’s Private Equity Group
