News

Investors rushed to participate in the country’s digital revolution but, as the market matures, diminishing returns and an increasingly saturated customer base have curbed appetites.

Brookfield's private equity, real estate and other platforms will share oversight of the retail initiative, which will make non-control investments in merchants with pre-pandemic revenue of $250m or more.

The firm raised $1bn more than its original $2bn target and could go as high as $3.5bn, partner Scott Graves said.

Investors who rushed to join the country’s digital revolution are facing issues pre-dating the pandemic that could spell the end of private equity’s golden age.

While a coronavirus-driven down-cycle is unlikely to shut down fundraising for viable GPs with first-time offerings, it has multiplied their challenges.

Over the past few years, the firm repositioned its distressed investing and private equity teams closer together in preparation for market dislocation.

The mega-firm’s private equity portfolio was down 12% in the first quarter, with fundraising plans roughly on track.

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For fundraisers not every mandate is worth taking; their reputation – and resource – is often at stake.

Cornell Capital Partners II, which has not yet secured commitments, comes less than two years after the close of the firm’s inaugural multi-asset buyout fund at $1.3 billion-plus.