Brookfield, SocGen to Start $10.7 Billion Private Debt Fund
- Investors like insurers targeted with investment-grade options
- The private credit market has seen a boom in recent years
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Brookfield Asset Management Ltd. and Societe Generale SA plan to raise as much as €10 billion ($10.7 billion) for a “high-quality” private debt fund, joining peers seeking to capitalize on what’s projected to be a multi-trillion dollar boom.
The initial fund is targeting a total of €10 billion over the next four years and will have €2.5 billion of seed financing at inception, the Canadian asset manager and the French bank said in a statement Monday.