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Brookfield (TSX:BAM.A) closes growth fund

Finance, Real Estate
TSX:BAM.A
08 November 2021 09:30 (EDT)
Negotiating in a meeting room

Brookfield Asset Management (BAM.A) has closed its growth fund, Brookfield Technology Partners II, with total equity commitments exceeding $500 million.

Brookfield Growth provides strategic capital to high-growth companies. Leveraging Brookfield’s broader ecosystem across real estate, infrastructure, renewable power and private equity, the fund helps its companies accelerate growth by delivering commercial opportunities and driving strategic initiatives.

Josh Raffaelli, Managing Partner at Brookfield who oversees growth investing initiatives remarked,

“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.

Brookfield Asset Management 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 Asset Management Inc. (BAM.A) opened trading at C$77.12 per share.

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