Brookfield Asset Management has completed the spin-off of Brookfield Property Partners, a newly-created company which owns all of Brookfield’s commercial property assets. Brookfield Asset Management is a global alternative asset manager with over $175 billion in assets under management. The company has over a 100-year history of owning and operating assets with a focus on property, renewable power, infrastructure and private equity.

India’s Kotak Mahindra Group aims to raise $300 million in local and international private equity funds for investments across infrastructure programs, Reuters reported. Japan’s Sumitomo Mitsui Banking Corp and Canada’s Brookfield Asset Management have signed on as investors in the fund, contributing up to 22.5% of the capital. India has said it needs to double infrastructure spending to $1 trillion over the next five years, Reuters said.

Brookfield Asset Management Inc. named Chris Harris client relations manager for the private funds group. He will assume responsibility for Toronto, Ontario-based company’s relationships with investors in the western U.S. Harris will be based in San Francisco. He previously served as director of Macquarie Capital’s private placement team.

TORONTO (Reuters) – PH Glatfelter Co (GLT.N), a manufacturer of specialty papers and engineered paper products, said on Tuesday it is buying Concert Industries Corp from Brookfield Asset Management Inc (BAMa.TO) (BAM.N) for C$246.5 million ($237 million).   Glatfelter expects the acquisition to modestly add to 2010 earnings and add $0.20 to $0.25 per share [...]

(Reuters) – Canada’s Fraser Papers Inc (FRPPF.PK) on Tuesday sought court approval to sell assets of its specialty papers business to Brookfield Asset Management Inc (BAM.N) (BAMa.TO) for $185 million, court papers showed. Brookfield will be the stalking horse bidder and set the floor at a bankruptcy auction, which will be open to higher and [...]

TORONTO (Reuters) – Canada’s Brookfield Asset Management said on Wednesday that it was setting up a $400 million fund to invest in Colombian infrastructure, joining a wave of foreign investors entering the Andean nation. Toronto-based Brookfield (BAMa.TO), with a global portfolio worth more than $80 billion, said the first closing of the fund raised $320 [...]

Brookfield Asset Management has added five senior vice presidents to its group that manages private equity institutional relationships. The new hires are: Peter Thomson (UK/Middle East) former managing director in the PE funds group of Bear Stearns/JPMorgan; Robert von Herrmann (German-speaking countries), former managing director in the PE funds group of Bear Stearns/JPMorgan; Paul Tam (Asia), formerly a partner with Crane Capital/Bear/JPM; Alexander Apponyi (Scandanavia), formerly a partner with BerchWood Partners; and Scott White (deal execution), previously with Citi Alternative Investments.