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Year Founded: 1899

AUM: $750.00B | Dry Powder: $56.05

Brookfield Place, Suite EP100, 181 Bay Street, Toronto, Ontario M5J 2T3, Canada
Brookfield Asset Management is an asset management firm that makes real estate investments in office, retail, multifamily, and hospitality properties. It makes private equity investments in the business services, infrastructure, healthcare, real estate sectors, road fuel distribution, infrastructure and renewable energy

Key Contacts

  • Craig Noble
    Managing Partner and Chief Executive Officer
  • GodeNicholas Goodman
    Managing Partner and Chief Financial Officerfroy De Colombe
  • Lori Pearson
    Managing Partner and Chief Operating Officer

Investment Preferences

  • Preferred Industries
    Energy Services, Exploration, Production and Refining, Forestry, Healthcare, Media and Information Services (B2B), Capital Markets/Institutions, Commercial Transportation, Utilities
  • Geographical Preference
    Asia, Canada, Europe, Middle East, North America, South America, US
  • Preferred Deal Types
    Buyout/LBO, GP Stakes, PE Growth/Expansion
  • Other Investment Preferences
    • Invests in GP Stakes
    • Prefers majority stake
    • Seeks ESG investments

Investments By Year

Source: Pitchbook

Funds Closed

Global Transition Fund
Vintage: 2022

Size: $15.0B

Dry Powder: $15.0B

Details: It targets in the energy sector and climate related investment. It focuses on renewable energy asset class

BIF IV Renewable Sidecar
Vintage: 2020

Size: $87.0M

Dry Powder: $61.7M

Details: The fund preferably invests in renewable energy assets

Brookfield Infrastructure Fund IV
Vintage: 2019

Size: $20.0

Dry Powder: $61.7M

Details: The fund’s infrastructure asset preferences are renewable, power, transportation etc. mainly in Asia, Europe and America

Investments By Industry

Investments By Region

Source: Pitchbook

Key Investments

In October 2022, Brookfield Renewable Partners, with its institutional partners and Cameco Corporation together formed a strategic partnership to acquire Westinghouse Electric Company, world’s largest nuclear services businesses. Brookfield Renewable, with its institutional partners, will own a 51% interest in Westinghouse and Cameco will own 49%. The equity cost will be shared proportionately between Brookfield and its institutional partners (c.$2.3 billion) and Cameco (c.$2.2 billion)

In September 2022, Brookfield Renewable agreed to acquire Scout Clean Energy for $1 billion with the potential to invest an additional $350 million to support the business’ development activities. Scout will continue under the Scout Clean Energy brand name as an IPP. Scout’s portfolio includes over 1.2GW of operating wind assets, 4GW managed on behalf of third parties, and a pipeline of over 22GW of wind, solar and storage projects across 24 states in the US, including almost 2.5GW of under construction and advanced-stage projects

In September 2022, Brookfield Renewable agreed to acquire Standard Solar for $540 million with the potential to invest another $160 million to support the business’ growth initiatives. Standard Solar has c.500MW of operating and under construction contracted assets and a development pipeline of c.2GW

In March 2022, Brookfield invested $300 million in Entropy. It is a carbon capture and storage technology affiliate of Calgary-based low-carbon energy producer Advantage Energy

In January 2022, Brookfield Assets Management acquired Sunovis for an undisclosed amount. The acquisition took place within the framework of a competitive bidding procedure set up by Lazard. Sunovis developed over 30 solar projects in Germany and other European countries and has a current development pipeline of c.1.7GWp of solar projects, c.600MWp of which are in advanced and mid-stage development

In January 2022, Brookfield Renewable acquired Urban Grid, a US-based utility-scale solar energy and energy storage project developer, for $650 million. Urban Grid has a pipeline of nearly 13GW of solar and 7GW of co-located and stand-alone energy storage projects that are planned to be installed across 12 states in the US. Urban Grid, will continue under its existing brand name and operate as an IPP

In October 2021, Brookfield Infrastructure acquired Inter Pipeline, a natural gas liquids processing business that also operates energy infrastructure assets. Shareholders representing 99.91% of Inter Pipeline shares approved the agreed arrangement in a meeting on 28 October 2021. After obtaining the necessary shareholder approvals. For each Inter Pipeline share, shareholders elected to receive either C$20 (€13.90) in cash, 0.250 of a class A exchangeable subordinate voting share of Brookfield Infrastructure Partners Corporation, 0.250 of a class B limited partnership unit of Brookfield Infrastructure Corporation Exchange Limited Partnership, or any combination

Other Details

The firm has a presence in more than 30 countries and manages over 2,000 assets. The firm employs over 150,000 people, including a team of 1,000 investment professionals, working across 9 offices globally

The latest open fund is Brookfield Global Renewables & Sustainable Infrastructure fund whose current size is $11.9M. It is an infrastructure opportunistic fund that targets investments in renewable energy assets 

Accor, Agribusiness Advisors, Agriculture and Agri-Food Canada, APG Group, ARC Financial, Arcus Infrastructure Partners, ArrowMark Partners, Azimuth Energy Partners, BlackRock, Boathouse Capital, Brookfield Capital Partners, British Columbia Investment, CEE Group, Greenergy are some of the institutional investors in Brookfield’s funds

Source: Pitchbook, Company Website, Renewables Now, Economic Times, Live Mint, SparkSpread, Vccirle