Brookfield Asset Management, the Toronto-based real assets investment manager, and venture capital company Sequoia Capital China announced on Thursday a strategic partnership, focused on supporting entrepreneurs building companies on the mainland.
The companies said the new partnership would wed Brookfield’s experience in the financing and operation of infrastructure and other real assets with the experience Sequoia has gained supporting “new economy” startups in China over the past 17 years.
Brookfield’s news release said it had roughly $650 billion in assets under management across real estate, infrastructure, renewable power, private equity and credit. That includes $158 billion managed by Oaktree Capital Management, the alternative investments firm in which Brookfield acquired a majority interest in 2019.
Read more/Source: Pensions & Investments
