Key Takeaways
- • OMERS, the C$ pension fund with roughly C$152 billion in assets, is acquiring an indirect minority interest in Australia's La Trobe Financial from majority shareholder Brookfield.
- • Brookfield remains majority shareholder of La Trobe Financial, and La Trobe states there is no change to management, strategy, investment philosophy or the way investor funds are managed.
- • The deal makes OMERS the second institutional minority holder alongside Abu Dhabi-based private equity firm Axight, following OMERS' own minority stake taken in April 2026.
- • La Trobe's AUM has grown past AUD$27 billion since Brookfield acquired the firm in 2022, and the transaction is expected to finalise early next year.
Summary
Canadian pension fund OMERS is acquiring an "indirect minority interest" in La Trobe Financial from majority shareholder Brookfield, marking the second ownership change at the Australian fund manager in as many months, according to Financial Newswire. OMERS, which manages roughly C$152 billion, previously took a minority stake in La Trobe in April 2026, and the latest transaction brings it alongside Abu Dhabi-based private equity firm Axight as institutional shareholders.
A statement from La Trobe Financial confirmed that Brookfield remains the majority shareholder and that there is no change to the firm's management team, strategy, investment philosophy or the way investor funds are managed. The company said the transaction is expected to finalise early next year.
Chief executive Chris Andrews said the deal comes at a time of significant growth and will support the firm's business model, market position and long-term strategy. He described OMERS' investment as "a strong vote of confidence" in La Trobe's people and the platform built over more than seven decades, and said OMERS shares the firm's conviction in the growing opportunity to provide high-quality investment offerings to Australian investors.
Andrews also credited Brookfield, which acquired La Trobe in 2022, with supporting the firm's development through its operating expertise and global perspective. According to the article, La Trobe's total assets under management have since exceeded AUD$27 billion, and the strengthened offering now includes a US private credit product and a listed investment trust on the Australian Securities Exchange.
A statement from La Trobe Financial confirmed that Brookfield remains the majority shareholder and that there is no change to the firm's management team, strategy, investment philosophy or the way investor funds are managed. The company said the transaction is expected to finalise early next year.
Chief executive Chris Andrews said the deal comes at a time of significant growth and will support the firm's business model, market position and long-term strategy. He described OMERS' investment as "a strong vote of confidence" in La Trobe's people and the platform built over more than seven decades, and said OMERS shares the firm's conviction in the growing opportunity to provide high-quality investment offerings to Australian investors.
Andrews also credited Brookfield, which acquired La Trobe in 2022, with supporting the firm's development through its operating expertise and global perspective. According to the article, La Trobe's total assets under management have since exceeded AUD$27 billion, and the strengthened offering now includes a US private credit product and a listed investment trust on the Australian Securities Exchange.
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