Brookfield Closes Growth Fund with Over $500 Million In Committed Capital
09 November 2021 - 1:00AM
Brookfield Closes Growth Fund with Over $500 Million In Committed
Capital
Brookfield Asset Management (NYSE: BAM, TSX: BAM.A) today announced
the closing of its growth fund, Brookfield Technology Partners II
(“BTP II” or the “Fund”), with total equity commitments exceeding
$500 million.
Brookfield Growth provides strategic capital to
high-growth companies that operate at the intersection of
technology and the built environment. Leveraging Brookfield’s
broader ecosystem across real estate, infrastructure, renewable
power and private equity, the Fund has been designed to help its
companies accelerate their growth by delivering commercial
opportunities and driving strategic initiatives.
Josh Raffaelli, Managing Partner at Brookfield
who oversees growth investing initiatives said, “Technology is
changing the landscape for owners of real assets and increasingly
becoming a critical component in every aspect of the economy. We
are pleased with the support we’ve received from entrepreneurs and
fellow investors who recognize Brookfield’s capabilities as a
hands-on, value-add owner, operator and partner that strives to
build lasting enterprise value together with our portfolio
companies.”
To date Brookfield Growth has made 14
investments across multiple industries and fund offerings,
including Latch, a smart access solution for residential and
commercial buildings; Carbon Health, a leading digital health
provider; GoodLeap, America's No. 1 point-of-sale payment platform
for sustainable home solutions; Workrise, a workforce management
platform for skilled trades; and Deliverr, an ecommerce logistics
platform that utilizes data science to enable fast fulfillment for
its customers.
For more information, please visit
https://www.brookfield.com/brookfield-growth.
Brookfield Asset Management
Brookfield is a leading global alternative asset
manager with over US$625 billion of assets under management across
real estate, infrastructure, renewable power, private equity and
credit. Brookfield owns and operates long-life assets and
businesses, many of which form the backbone of the global economy.
Utilizing its global reach, access to large-scale capital and
operational expertise, Brookfield offers a range of alternative
investment products to investors around the world — including
public and private pension plans, endowments and foundations,
sovereign wealth funds, financial institutions, insurance companies
and private wealth investors.
Brookfield Asset Management is listed on the New
York and Toronto stock exchanges under the symbols BAM and BAM.A
respectively.
For more information, please visit our website
at www.brookfield.com or contact:
Communications & MediaKerrie McHughTel: (212)
618 3469kerrie.mchugh@brookfield.com |
Investor RelationsLinda NorthwoodTel: (416)
359-8647linda.northwood@brookfield.com |
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