Hassana Investment Company (Hassana) has signed an agreement with Brookfield Asset Management in a move which will see Hassana become an anchor investor in Brookfield’s new regional private equity fund - Brookfield Middle East Partners (BMEP).

 

One of the largest foreign direct investors in the Gulf region, Brookfield is active in the region since 1997, and has been directly investing since 2015.

 

Brookfield has built a portfolio of over $12 billion of managed assets across private equity, real estate and infrastructure. 

 

With a substantial on the ground presence and an established team in offices in Dubai and Riyadh, Brookfield has taken a differentiated approach to building its business in the region, focusing on building long-term partnerships with leading local institutions.

 

Brookfield said it intends to raise at least $2 billion, with Hassana to allocate up to $500 million in the fund in addition to the global investor’s own $500 million commitment. 

 

BMEP will target buyouts, structured solutions and other investment opportunities across a range of sectors including industrials, consumer and business services, technology and healthcare.

 

"Brookfield Asset Management, with its long-term investment approach, is an ideal partner for Hassana as we invest in opportunities that are aligned with our commitment to creating long-term value and delivering the best investment outcomes," stated Saad bin Abdulmohsen Al Fadly, the CEO of Hassana, after signing the deal with Bruce Flatt, CEO of Brookfield Asset Management. 

 

"This partnership will enable us to leverage Brookfield’s expertise and robust track record in private equity, allowing us to commit to deploying capital in sectors that are vital to the growth of the Saudi economy," he added.

 

Flatt expressed delight at partnering with Hassana as Brookfield expands it private equity investment strategy in Saudi Arabia and the Middle East. 

 

"Building on our strong track record of strategically deploying capital into high-quality businesses and our operations-focused approach, this partnership reinforces our long-term commitment to the region," he added.-TradeArabia News Service