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Brookfield partners with Societe Generale to launch €10bn private debt fund

Growing demand for private credit has prompted Brookfield Asset Management and Societe General to team up to launch a new private debt fund which is expected to raise a total of €10bn ($10.7bn) over the next four years.

According to Société Générale, the fund will initially launch with €2.5bn and will target deals in the power, renewables, data, midstream and transportation sectors. The fund is also expected to help Brookfield and Societe Generale meet the needs of insurance companies with investment-grade products tailored to meet their ratings and duration requirements.

The partnership will leverage both companies’ origination capabilities, operating expertise, and real asset knowledge, as well as strong institutional relationships to bring additional value to their respective clients and shareholders. It will also allow Societe Generale and Brookfield to significantly increase their footprint in financing the global economy over time by providing large scale commitments with differentiated forms of capital.

Ina press statement, Slawomir Krupa, CEO of Societe Generale, said that the partnership “provides an entirely new answer to the growing demand for private debt and will have a positive impact on the real economy while simultaneously scaling up Societe Generale’s origination and distribution capabilities.”

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