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