Brookfield raises $2bn for PIF-anchored Middle East private equity fund

Brookfield has raised about $2 billion from the Public Investment Fund and other investors for a private equity fund that will invest in companies in the Middle East, Saudi Arabia‘s sovereign wealth fund said on Monday.

The PIF-anchored Brookfield Middle East Partners aims to allocate half of its investments to Saudi Arabia, it said. The vehicle will focus on sectors such as financial, business and consumer services, industry, technology and health care.

“We see a compelling opportunity to partner with businesses across the region and…