PIF-Backed $2B Gulf Fund Set to Be One of the Region’s Largest

PIF-backed $2B Gulf fund set to be one of the region’s largest

Brookfield raised $2 billion for a Middle East-focused private equity vehicle backed by Saudi Arabia’s Public Investment Fund. The new fund, which will be one of the largest focused on the region, reached a first close with unspecified commitments from PIF and other global and regional investors, as well as $500 million from Brookfield itself.The fund will allocate 50% of its investments to Saudi Arabia, in a move that supports PIF’s goal of att…

Brookfield raises $2-billion for Middle East private equity fund

Fund aims to invest half its capital in Saudi Arabia, the rest across countries such as the United Arab Emirates, Qatar, Oman, Kuwait and Bahrain

Brookfield's $2bn PIF-backed fund closes at around $2bn

Brookfield has secured approximately $2bn at the first close of its new private equity vehicle anchored by Saudi Arabia’s Public Investment Fund (PIF). The fund, named Brookfield Middle East Partners (BMEP), secured its initial funding from a group of strategic anchor backers, led by PIF alongside other institutional investors from the region and around the […] The post Brookfield’s $2bn PIF-backed fund closes at around $2bn appeared first on Al…