OMERS Acquires La Trobe Financial Stake From Brookfield
Canadian pension fund OMERS is taking a minority interest in the Australian alternative asset manager, following a prior investment this year by Asia-focused Axight.
OMERS Buys Minority Interest
Canadian pension fund OMERS has agreed to acquire a minority stake in Australian alternative asset manager La Trobe Financial. The interest is being sold by Brookfield, which will retain its majority ownership of the firm. This transaction, made through a Brookfield private equity investment vehicle, is subject to standard regulatory approvals.
The parties expect to finalise the deal in the first quarter of 2027, according to a statement released on Tuesday (Oct. 27).
Asset Growth Under Brookfield
The investment from OMERS follows an earlier minority stake acquisition in La Trobe Financial this year by Asia-focused private equity manager Axight. Brookfield initially acquired La Trobe Financial in 2022. Since that acquisition, La Trobe Financial's assets under management (AUM) have increased significantly. The firm's AUM grew from A$22 billion at the end of 2025 to A$27 billion, the statement noted.
Strategic Expansion
OMERS' investment aligns with its strategy to expand its presence in Australia, Alexander Fraser, the fund's executive vice president and global head of private equity, stated. La Trobe Financial has also broadened its offerings, launching a US private credit product and a listed investment trust on the Australian Securities Exchange.
Shiv Gupta, Brookfield Private Equity head of Australia, noted the firm's record growth since 2022, driven by strong origination and diversified funding.
This transaction highlights the ongoing appeal of alternative asset managers in the Asia-Pacific region for institutional investors. The entry of both Canadian pension fund OMERS and Asia-focused Axight into La Trobe Financial shows growing global and regional interest in specialist credit solutions.
Such deals indicate that Australian alternative credit markets continue to attract significant capital, potentially encouraging further investment flows from other pension funds and private equity firms across Asia seeking yield and diversification.
This article is journalism, not investment advice; consult a licensed professional before making financial decisions. Market data is indicative, may be delayed, and should be verified with your broker or exchange before use.
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