Brookfield Asset Management has launched its seventh flagship private equity fund, Brookfield Capital Partners VII, with a target of $12.5bn, according to a report by Buyouts Insider citing unnamed sources familiar with the matter.
The launch of the fundraising follows the $12bn raised by its predecessor in 2023, including co-investment capital.
As in previous funds, Brookfield is expected to make a substantial commitment alongside LPs, totalling $3.5bn, the sources said. The launch positions Brookfield among other mega-vehicles hitting the market this year, including Advent International’s GPE XI, Leonard Green & Partners’ Green Equity Investors X, TPG Partners X, and Warburg Pincus Global Growth 15, with Apollo Investment Fund XI and Carlyle Partners IX expected later in 2025.
Founded in 2001 by Cyrus Madon, Brookfield’s private equity platform focuses on operationally-driven control investments across industrials and essential business services. Since 2016, its strategy has emphasised larger-cap, global transactions rather than the North American mid-market.
Key deals in 2025 illustrate this approach, including the $1.7bn acquisition of Chemelex, an electric heat-tracing systems manufacturer carved out of nVent Electric, and the $1.3 billion purchase of life sciences firm Antylia Scientific alongside Caisse de dépôt et placement du Québec from GTCR. The group has also returned approximately $10bn to LPs over the past 24 months, including a $4.5bn payout from Clarios, an automotive battery manufacturer backed since 2019.
The rollout of Fund VII coincides with Brookfield’s broader expansion into new private equity areas, including the $3bn Brookfield Financial Infrastructure Fund I, focused on digital payment systems, and the $2bn Brookfield Middle East Partners, anchored by Saudi Arabia’s Public Investment Fund. The firm is also active in long-dated investing, music royalties, private equity secondaries, special investments, and technology-oriented growth opportunities.
Under CEO Anuj Ranjan, who succeeded Madon last year, Brookfield’s private equity team now comprises roughly 160 investment professionals and manages $150bn in assets.
