Brookfield Asset Management related stories
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Brookfield plots move into third party fundraisingThe alternatives firm has hired a rash of heavy-hitting placement professionals and could launch a third party fund placement group as early the first quarter of 2009.
- Brookfield takes on former Bear Stearns placement agent
Leo van den Thillart, a former global co-head of private funds group at Bear Stearns, has joined Canadian firm Brookfield Asset Management to help with international equity raising and client services.
- Brookfield infrastructure to book $270m gain
The sale of minority stakes in Brazilian electric transmission assets represents a cash value of $7 per share for shareholders of the publicly traded infrastructure fund, which launched in January. Analysts estimate the proceeds will give it $550m of asset purchasing power.
- GMAC sells home financing unit to Brookfield
The Cerberus-owned home and auto lender has agreed to sell its home services division to the Toronto-based investment firm Brookfield Asset Management.
- Tricap buys Canadian company for C$271m
The private equity unit of Brookfield Asset Management bought Canadian-based Maax from a consortium of private equity firms that took the company private in 2004. Maax filed for bankruptcy in July after collapsing under the weight of its debt load.
- Brookfield acquires $460m commercial portfolio
Through its new opportunity fund, the Toronto-based real estate investment firm has purchased 5.3 million square feet of space from an affiliate of JP Morgan Chase.