Brookfield CLoses $4 Billion Private Equity Fund

Brookfield Asset Management (TSX:BAM.A) has announced that it held the final close of Brookfield Capital Partners IV with an aggregate of $$ billion of equity commitments.
As quoted in the press release:

Brookfield has more than 30 years of private equity experience having invested across market cycles in approximately 100 businesses. Brookfield’s private equity investment professionals are located in the U.S., Canada, Europe, India, Australia and South America. Brookfield’s flagship private equity fund invests in high-quality businesses on a value basis, leveraging Brookfield’s real asset focus and the investment team’s operating expertise.
Total capital commitments of the Fund exceed the original US$3.5 billion fundraising target, reflecting strong investor demand for Brookfield’s private equity strategy. Investors in the Fund are a diverse group of institutional investors, including public and private pension plans, sovereign wealth funds, financial institutions, endowments and foundations and family offices. Brookfield committed US$1 billion to the Fund, ensuring alignment of interests with other Fund investors.

Click here to read the full press release.