Brookfield Asset Management has closed its latest flagship global private equity fund, Brookfield Capital Partners V (BCP V), with $9 billion in equity commitments, exceeding its $7 billion fundraising target.
The fund was backed by a diverse group of institutional investors, including public and private pension plans, sovereign wealth funds, financial institutions, endowments and foundations, family offices, and private wealth investors.
Brookfield Business Partners also committed $3 billion to the fund.
According to Cyrus Madon, head of Brookfield’s private equity business, Brookfield already has deployed roughly $2.5 billion in capital into a number of “high-quality” businesses with high barriers to entry, low production costs and the potential for enhanced cash flow generation, including a leading global automotive battery business and one of the largest private hospital operators in Australia.
Brookfield aims to continue to prudently invest whe
