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Transactions - MAY 13, 2022

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Brookfield lists minority stake in asset-management business, launches fifth flagship infra fund

by Kali Persall

Brookfield Asset Management has unveiled plans to separately list and distribute to shareholders a 25-percent interest in the firm’s asset-management business, to be completed by the end of 2022.

Brookfield’s asset-management business is one of the major alternative-investment firms in the world, managing the capital of more than 2,000 global institutional investors and a growing list of high-net-worth investors.

The spin-off will be done on a tax-free basis to both Canadian and U.S. shareholders, and potentially others.

In other news, Brookfield said it has launched fundraising for its fifth flagship infrastructure fund, with a first close to take place soon. The firm also launched its third infrastructure debt fund during the first quarter of the year, which is expected to be larger than its predecessor. The firm’s infrastructure and real estate perpetual funds have raised $5 billion since the beginning of the year.

“Financial results in the fir

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