Brookfield Raises $12 Billion for Flagship Private Equity Fund
- Canadian investment firm has been spending heavily this year
- Brookfield commits $3.5 billion of own money to latest fund
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Brookfield Asset Management Ltd. has raised $12 billion for its largest ever private equity fund, boosting its financial firepower after a period of heavy spending.
The Canadian investment firm has committed $3.5 billion of its own money to the BCP VI vehicle, according to a statement on Tuesday, with the remainder coming from investors including pension plans, sovereign wealth funds and family offices.