Brookfield welcomes OMERS as an investor in La Trobe Financial

Brookfield today announced that it has signed an agreement with Canadian pension fund OMERS to acquire an indirect minority interest in La Trobe Financial, a leading Australian alternative asset manager, through a Brookfield private equity investment vehicle. Financial terms were not disclosed. Brookfield will retain majority ownership of the business.

Since Brookfield's acquisition in 2022, La Trobe Financial has delivered strong growth, with assets under management reaching A$27 billion, up from A$22 billion at the end of 2025. Drawing on Brookfield's operating expertise, La Trobe Financial has expanded its product offering including the launch of a US private credit product and a listed investment trust on the Australian Securities Exchange.

The business has also invested significantly in its systems to deepen investor engagement, enhance client service and improve operating efficiencies. This transaction follows the completion of a minority stake investment in La Trobe Financial by Asia-focused private equity investment manager Axight earlier this year.

Shiv Gupta, Brookfield Private Equity Head of Australia, said: “La Trobe Financial continues to deliver impressive results and we have strong conviction in the business’s long-term prospects. Since our acquisition in 2022, La Trobe Financial has delivered record growth, supported by its strong origination capabilities, diversified funding model and continued demand for specialist credit solutions. Growth has been sustained amidst a tough macro environment and competitive landscape for wealth. The OMERS indirect investment reflects the strength of La Trobe Financial’s platform and the opportunity ahead.”

Alexander Fraser, Executive Vice President & Global Head of Private Equity, OMERS, said: “We are pleased to partner with Brookfield to invest in La Trobe Financial, a high-quality business with a strong market position and attractive long-term growth prospects. This investment demonstrates our ability to deliver flexible, structured investment solutions and reflects OMERS continued commitment to growing its presence in Australia.”

The transaction is subject to customary regulatory approvals and is expected to close in Q1 2027.

About Brookfield

Brookfield is a leading global investment firm with more than $1 trillion in assets under management. The firm owns and operates high-quality businesses and real assets that provide essential services and form the backbone of the global economy. Brookfield invests on behalf of institutions and individuals around the world across infrastructure, energy, private equity, real estate, and credit. With more than a century of operating experience and a global presence in over 50 countries, Brookfield deploys long-term capital to generate sustainable value for its clients and shareholders. Brookfield Corporation (NYSE: BN, TSX: BN) and Brookfield Asset Management (NYSE: BAM, TSX: BAM) are publicly traded in New York and Toronto.

About La Trobe Financial

La Trobe Financial is Australia’s premier alternative asset manager and a proven and trusted investment partner for institutional and retail investors with over A$27 billion AUM. Established in 1952, La Trobe Financial has been building the wealth of its investors across seven decades through careful attention to quality, discipline and consistent performance across the economic cycle. Today, La Trobe Financial manages assets on behalf of over 130,000 investors – including some of the world’s largest financial institutions – and 4,700 supporting financial advisers. La Trobe Financial’s retail asset management business is spearheaded by the c.$14bn La Trobe Australian Credit Fund, the largest retail credit fund across Australia. Its flagship 12 Month Term Account has been recognised as “Best Credit Fund – Mortgages” for 17 consecutive years by Money magazine and is consistently recognised as one of Australia’s fastest growing funds (per Rainmaker) across the Australian wealth management industry. To find out more visit www.latrobefinancial.com.au

About OMERS

OMERS is a jointly sponsored, defined benefit pension plan, with more than 1,000 participating employers ranging from large cities to local agencies, and 665,000 active, deferred and retired members. Our members include union and non-union employees of municipalities, school boards, local boards, transit systems, electrical utilities, emergency services and children’s aid societies across Ontario. OMERS teams work in Toronto, London, New York, Amsterdam, Luxembourg, Singapore, Sydney and other major cities across North America and Europe – serving members and employers, and originating and managing a diversified portfolio of high-quality investments in government bonds, public and private credit, public and private equities, infrastructure and real estate. Net assets as at June 30, 2026 totalled C$151.6 billion.

Media enquiries

Brookfield

Catherine Woods: E catherine.woods@brookfield.com | M +61 477 320 333

OMERS

James Thompson

Director, Investment Communications & Media, Europe & Asia-Pacific
jathompson@omers.com / +44 07443 264 154