Key Takeaways
- • Canadian pension fund OMERS will acquire an indirect minority interest in La Trobe Financial through a Brookfield private equity investment vehicle, with Brookfield remaining the majority investor.
- • La Trobe Financial currently manages $27 billion in assets under management for 130,000 investors and supports 4,700 financial advisers, according to Brookfield.
- • OMERS reported net assets of CA$151.6 billion ($154 billion) as of 30 June 2026, with more than 1,000 participating employers and 665,000 members.
- • Financial terms of the transaction were not disclosed.
- • This is the second minority stake divestment in La Trobe Financial, following an earlier minority investment by Asia-focused private equity manager Axight.
Summary
Brookfield has signed an agreement with the Ontario Municipal Employees Retirement System (OMERS) under which the pension fund will acquire an indirect minority interest in La Trobe Financial, according to Money Management. The stake is being acquired through a Brookfield private equity investment vehicle, and Brookfield will retain majority ownership. Financial terms of the deal were not disclosed.
Brookfield acquired La Trobe Financial in 2022. In a statement, Shiv Gupta, Brookfield's private equity head of Australia, said the business has delivered record growth since the acquisition, supported by strong origination capabilities, a diversified funding model and continued demand for specialist credit solutions. Brookfield said growth had been sustained despite a tough macro environment and a competitive wealth landscape. Since 2022, La Trobe has expanded its product offering, launched a US private credit fund and listed an investment trust on the ASX. It currently has $27 billion in assets under management for 130,000 investors and supports 4,700 financial advisers.
OMERS reported net assets of CA$151.6 billion ($154 billion) as of 30 June 2026, with more than 1,000 participating employers and 665,000 members. Alexander Fraser, executive vice president and global head of private equity at OMERS, said the investment demonstrates the pension fund's ability to deliver flexible, structured investment solutions and reflects its continued commitment to growing its presence in Australia. He described La Trobe Financial as a high-quality business with a strong market position and attractive long-term growth prospects.
The transaction marks the second divestment of a minority stake in La Trobe Financial. Asia-focused private equity manager Axight previously completed a minority stake investment in the company, which La Trobe said reflected the strength and maturity of the business and its long-term growth potential within Asia-Pacific real estate credit and investment markets.
Brookfield acquired La Trobe Financial in 2022. In a statement, Shiv Gupta, Brookfield's private equity head of Australia, said the business has delivered record growth since the acquisition, supported by strong origination capabilities, a diversified funding model and continued demand for specialist credit solutions. Brookfield said growth had been sustained despite a tough macro environment and a competitive wealth landscape. Since 2022, La Trobe has expanded its product offering, launched a US private credit fund and listed an investment trust on the ASX. It currently has $27 billion in assets under management for 130,000 investors and supports 4,700 financial advisers.
OMERS reported net assets of CA$151.6 billion ($154 billion) as of 30 June 2026, with more than 1,000 participating employers and 665,000 members. Alexander Fraser, executive vice president and global head of private equity at OMERS, said the investment demonstrates the pension fund's ability to deliver flexible, structured investment solutions and reflects its continued commitment to growing its presence in Australia. He described La Trobe Financial as a high-quality business with a strong market position and attractive long-term growth prospects.
The transaction marks the second divestment of a minority stake in La Trobe Financial. Asia-focused private equity manager Axight previously completed a minority stake investment in the company, which La Trobe said reflected the strength and maturity of the business and its long-term growth potential within Asia-Pacific real estate credit and investment markets.
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