Fundraisers

Brookfield raises $6.5bn

The Toronto-headquartered firm is currently in the market with its fifth growth-focused private equity fund.

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Brookfield Asset Management has held a first close on its Brookfield Capital Partners V at $6.5 billion, with a geographic focus on North America and Asia-Pacific. Minnesota State Board of Investment is amongst the investors of Fund V, which committed $250 million. The fifth PE fund raised more capital at its first close than its predecessor Brookfield Capital Partners IV which closed on $4 billion in 2016.