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Brookfield sells partial stakes to new PE fund for HNWI
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Brookfield sells partial stakes to new PE fund for HNWI
Brookfield Business Partners, the private equity arm of Brookfield Corporation, is set to divest partial interests in three of its portfolio companies to a newly established private equity vehicle targeting high-net-worth investors, managed by Brookfield Asset Management, according to a report by Bloomberg. According to a statement issued Thursday, Brookfield Business Partners will receive units in the new fund valued at approximately $690m, ref…
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