Brookfield's PSG to acquire Center Coast Capital: Reuters
Brookfield Asset Management's Public Securities Group (PSG) has agreed to buy Center Coast Capital Holdings, an energy infrastructure-focused investment firm, for an undisclosed amount, Reuters reported. Houston-based Center Coast has over US$4 billion of assets under management and will allow the Brookfield unit to bolster its product offering to include investments in energy assets such as tax-efficient master limited partnerships (MLPs), which house midstream assets. The investment comes amid renewed interest from large asset managers to buy into energy investment firms which focus on MLPs, after question marks were raised over the structure's long-term viability.
10 October 2017•2 mins read
