Key Takeaways
- • Brookfield has agreed to sell an indirect minority interest in Australian alternative asset manager La Trobe Financial to Canadian pension fund OMERS, with Brookfield retaining majority ownership.
- • La Trobe Financial's assets under management reached A$27 billion, up from A$22 billion at the end of 2025, since Brookfield acquired the firm in 2022, according to the statement.
- • The transaction is subject to customary regulatory approvals and is expected to close in Q1 2027.
- • The deal follows a minority stake investment in La Trobe Financial by Asia-focused private equity manager Axight earlier in the year, adding another institutional investor to the register.
- • OMERS' move reflects its push to expand its presence in Australia, per Alexander Fraser, executive vice president and global head of private equity at OMERS.
Summary
Brookfield has agreed to sell an indirect minority interest in La Trobe Financial, an Australian alternative asset manager, to Canadian pension fund OMERS, according to a statement issued on Tuesday, October 27. Brookfield will retain majority ownership of the business. The investment will be made through a Brookfield private equity investment vehicle, and the transaction is expected to close in the first quarter of 2027, subject to customary regulatory approvals.
The deal comes after Asia-focused private equity manager Axight took a minority stake in La Trobe Financial earlier this year. The sale adds another institutional investor to the shareholder base as the asset manager continues to attract capital.
Since Brookfield acquired La Trobe Financial in 2022, the firm has grown its assets under management to A$27 billion, up from A$22 billion at the end of 2025, the statement said. Over that period, La Trobe has expanded its product set, launching a US private credit product and a listed investment trust on the Australian Securities Exchange. It has also invested in systems aimed at deepening investor engagement, improving client service and enhancing operating efficiencies.
Shiv Gupta, head of Australia at Brookfield Private Equity, said that "since our acquisition in 2022, La Trobe Financial has delivered record growth, supported by its strong origination capabilities, diversified funding model and continued demand for specialist credit solutions." Alexander Fraser, executive vice president and global head of private equity at OMERS, said the investment reflects OMERS' push to expand its presence in Australia.
The deal comes after Asia-focused private equity manager Axight took a minority stake in La Trobe Financial earlier this year. The sale adds another institutional investor to the shareholder base as the asset manager continues to attract capital.
Since Brookfield acquired La Trobe Financial in 2022, the firm has grown its assets under management to A$27 billion, up from A$22 billion at the end of 2025, the statement said. Over that period, La Trobe has expanded its product set, launching a US private credit product and a listed investment trust on the Australian Securities Exchange. It has also invested in systems aimed at deepening investor engagement, improving client service and enhancing operating efficiencies.
Shiv Gupta, head of Australia at Brookfield Private Equity, said that "since our acquisition in 2022, La Trobe Financial has delivered record growth, supported by its strong origination capabilities, diversified funding model and continued demand for specialist credit solutions." Alexander Fraser, executive vice president and global head of private equity at OMERS, said the investment reflects OMERS' push to expand its presence in Australia.
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