Brookfield Is Ready to Double Down on Brazil Under Bolsonaro
This article is for subscribers only.
Brookfield Asset Management Inc. is pretty pleased with the political shift in Latin America’s largest economy, underscoring the potential for a Brazilian private equity boom under the right-wing administration of Jair Bolsonaro.
The Toronto-based alternative asset manager has a lot on the line in Brazil. It has been investing in the country for more than 100 years and expanded when the recent recession prompted cash-strapped companies including Petroleo Brasileiro SA to sell assets. It has $42 billion in assets under management in Brazil, according to its website.