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Brookfield seeks up to USD 15bn for private equity fund

Recent acquisitions have taken the firm past the threshold where it would normally raise additional capital.

Brookfield Chief Executive Officer Bruce Flatt | Photo: Kelvin Chng/AP/Ritzau Scanpix

Brookfield Asset Management is seeking to raise USD 12-15bn for its third flagship private equity fund after making a string of acquisitions, according to sources familiar with the matter.

The Toronto-based firm is expected to start fundraising later this month and complete it by early 2022, the sources said, asking not to be identified because the matter is private.

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