Brookfield Asset Management closes new $4 billion private equity fund

Written By: Stratton Report
May 31, 2016

brookfield

On May 31, Brookfield Asset Management Inc. announced the final close of Brookfield Capital Partners IV fund, achieving $4 billion of equity commitments.

Total capital commitments of the fund exceed the original $3.5 billion fundraising target, reflecting strong investor demand for Brookfield’s private equity strategy. Investors in the fund include public and private pension plans, sovereign wealth funds, financial institutions, endowments and foundations and family offices. Brookfield committed US$1 billion to the fund, ensuring alignment of interests with other fund investors.

Cyrus Madon, head of Brookfield’s private equity business observed:

“We are grateful for the strong support we received from our investors, and our global team of investment professionals is dedicated to prudently deploying capital on their behalf, acquiring businesses with strong cash flow potential.”

To date, the fund has invested over $1 billion.