Brookfield launches $2bn PIF-backed fund targeting 50% of investments in Saudi Arabia
RIYADH/NEW YORK — Brookfield has announced the first close of Brookfield Middle East Partners (BMEP), a new private equity fund anchored by Saudi Arabia's Public Investment Fund (PIF), raising approximately $2 billion to invest in businesses across Saudi Arabia and the wider Middle East.The fund aims to allocate 50% of its investments to Saudi Arabia, reinforcing PIF's strategy of attracting…
Brookfield has launched a $2 billion private equity fund, Brookfield Middle East Partners (BMEP), with the Public Investment Fund (PIF) of Saudi Arabia as the anchor investor. The fund aims to invest 50% of its portfolio in Saudi Arabia, bolstering the Kingdom's economic transformation. BMEP will focus on high-growth markets within the Gulf Cooperation Council (GCC) and invest across sectors such as financial services, consumer services, industrials, technology, and healthcare.
PIF is partnering with Brookfield to maximize long-term returns and promote Saudi Arabia's economic development. Brookfield CEO Bruce Flatt highlighted the growing international confidence in Saudi Arabia's investment opportunities and the company's commitment to supporting long-term growth in the region.
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