Brookfield Capital Closes on $3.4 Billion

Brookfield Capital Partners (BCP) has closed on $3.4 billion for Brookfield Capital Partners IV LP, according to a recent Form D filing. Fundraising for the new fund began in May 2015.

As with earlier funds, Fund IV will invest in buyouts, platform opportunities and underperforming businesses within real asset related sectors such as energy; metals & mining; forest products; building products; construction & engineering; packaging & specialty paper; industrials and manufacturing; and financial and real estate services.

Brookfield’s private equity group is led by Joe Freedman, its Toronto-based Senior Managing Partner. Other investment professionals are located in other cities in Canada, United States, Europe, India, Australia and South America.

Brookfield Capital Partners is a subsidiary of publicly-traded Brookfield Asset Management (NYSE: BAM), an alternative asset manager headquartered in Toronto with more than $250 billion in assets under management (www.brookfield.com).

Third party placement agents for the new fund include Tokyo-based Teneo Partners (www.teneopartners.com) and Seoul-based Shinhan Investment Corporation (www.shinhaninvest.com/eng).

© 2016 Private Equity Professional • Private Equity’s Leading News Magazine • 4-19-16