OMERS has agreed to buy an indirect minority stake in Australian alternative asset manager La Trobe Financial from Brookfield, which will remain the majority shareholder. Axight completed its own minority investment in the business earlier this year. The transaction marks a partial sell-down for Brookfield, which acquired La Trobe in 2022.
Since then, the Melbourne-based firm has expanded its product range with Brookfield’s support, launching a US private credit product and a listed investment trust on the Australian Securities Exchange. It has also invested heavily in its systems to improve investor engagement, client service, and operating efficiency.
Source: PE Insights · Summarized by HeadlinesBriefing