Brookfield Capital Partners III LP Closes at $1B

The private equity group of Toronto-based Brookfield Asset Management Inc. has wrapped up a new partnership ear-marked for North American mid-market turnarounds and other special situations, peHUB Canada has learned. Brookfield Capital Partners III LP recently closed at US$1 billion, according to Joe Freedman, one of the group’s senior managing partners. The new fund was backed by a mix of institutional investors, including for the first time European public pensions and insurance companies. Brookfield itself accounted for about one-quarter of the tally.

For more information about Brookfield Asset Management, please visit the firm’s website.