Key Takeaways
- • OMERS, the Canadian pension fund, will acquire an indirect minority interest in Australian alternative asset manager La Trobe Financial through a Brookfield private equity investment vehicle.
- • La Trobe Financial has grown assets under management to A$27bn (£14.2bn) since Brookfield acquired it in 2022, and has launched a US private credit product and a listed investment trust on the Australian Securities Exchange.
- • The financial terms have not been disclosed, and the transaction is expected to close in the first quarter of 2027, subject to regulatory approvals.
- • Brookfield retains majority ownership of La Trobe Financial, and the deal follows Axight's minority stake purchase earlier in the year.
Summary
OMERS, the Canadian pension fund, has agreed to acquire an indirect minority interest in La Trobe Financial, an Australian alternative asset manager, via a private equity investment vehicle managed by Brookfield. The transaction is expected to close in the first quarter of 2027, subject to regulatory approvals. The financial terms have not been disclosed.
Brookfield will retain majority ownership of the business, which it acquired in 2022. Since then, La Trobe Financial has grown its assets under management to A$27bn (£14.2bn) and expanded its product offering, including the launch of a US private credit product and a listed investment trust on the Australian Securities Exchange. The firm has also invested in its systems to improve investor engagement, client service and operating efficiencies.
Shiv Gupta, Brookfield private equity head of Australia, said La Trobe Financial has delivered record growth, supported by strong origination capabilities, a diversified funding model and continued demand for specialist credit solutions, despite a challenging macro environment and competitive wealth landscape. He described the OMERS investment as reflecting the strength of the platform and the opportunity ahead.
Alexander Fraser, executive vice president and global head of private equity at OMERS, said the investment demonstrates the fund's ability to deliver flexible, structured investment solutions and reflects its continued commitment to growing its presence in Australia.
The deal comes after Asia-focused private equity manager Axight bought a minority stake in La Trobe Financial earlier in the year, in April.
Brookfield will retain majority ownership of the business, which it acquired in 2022. Since then, La Trobe Financial has grown its assets under management to A$27bn (£14.2bn) and expanded its product offering, including the launch of a US private credit product and a listed investment trust on the Australian Securities Exchange. The firm has also invested in its systems to improve investor engagement, client service and operating efficiencies.
Shiv Gupta, Brookfield private equity head of Australia, said La Trobe Financial has delivered record growth, supported by strong origination capabilities, a diversified funding model and continued demand for specialist credit solutions, despite a challenging macro environment and competitive wealth landscape. He described the OMERS investment as reflecting the strength of the platform and the opportunity ahead.
Alexander Fraser, executive vice president and global head of private equity at OMERS, said the investment demonstrates the fund's ability to deliver flexible, structured investment solutions and reflects its continued commitment to growing its presence in Australia.
The deal comes after Asia-focused private equity manager Axight bought a minority stake in La Trobe Financial earlier in the year, in April.
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