Brookfield Business Partners Announces Sale of Assets to Seed New Evergreen Private Equity Strategy

Brookfield Business Partners to sell some assets to seed new fund

Brookfield sells US$690-million in private-equity stakes to set up fund targeting wealthy investors

Plans to launch evergreen fund later this year, building the base for a new strategy to attract high-net-worth investors

Brookfield Private Equity Arm Sells Stakes to Fund for Wealthy

Brookfield Business Partners is planning to sell part of its interests in three portfolio companies to a new private equity fund for wealthy individuals that will be run by Brookfield Asset Management.

Brookfield Business Partners Announces Sale of Assets to Seed New Evergreen Private Equity Strategy

• Transaction enables Brookfield Business Partners to monetize a partial interest in three businesses at a value accretive to the trading price of its units and shares