Brookfield raises $2 billion for Middle East fund, anchored by Saudi PIF

Brookfield Corp. reached a $2 billion first close for its Brookfield Middle East Partners fund.

Saudi Arabia’s Public Investment Fund anchored the raise alongside other global and regional institutional investors.

Brookfield committed $500 million of its own capital to the vehicle.

The fund targets buyouts and growth equity across technology, healthcare, industrials, and financial services.

Managers expect to deploy approximately half of the capital within Saudi Arabia.

This strategy supports the kingdom’s initiative to expand private-sector economic participation.