Brookfield Asset Management has completed a $2bn first close for a new Middle East-focused private equity fund, with significant backing from Saudi Arabia’s Public Investment Fund (PIF) and a group of global and regional institutional investors, according to a report by Bloomberg.
Brookfield has committed $500m to the vehicle, with the remaining capital provided by PIF and other strategic investors. The fund will target both buyout and growth equity opportunities across the Middle East, focusing...
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