Brookfield to Acquire Center Coast Capital

November 27, 2017

On October 10, 2017, Brookfield Asset Management announced it had agreed to acquire Center Coast Capital Holdings, LLC.

Brookfield Asset Management’s Public Securities Group (“Brookfield PSG”) will add over $4 billion in assets under management from Center Coast Capital Holdings, LLC (“Center Coast”), an affiliate of Center Coast Capital Advisors, LP. The Center Coast team will remain in Houston and continue to manage its funds and accounts. In connection with the transaction, Brookfield PSG will also purchase certain assets of Liberty Street Advisors, Inc. and two of its affiliates that provide marketing and other services to Center Coast products. The acquisition is expected to close in the first quarter of 2018 subject to customary closing conditions and regulatory approvals.

Brookfield PSG is an SEC-registered investment advisor providing real estate assets strategies including real estate equities, infrastructure equities, multi-strategy real asset solutions and real asset debt. As of June 30, 2017, Brookfield PSG had more than $15 billion in assets under management.

Center Coast is a Houston-based energy infrastructure-focused investment firm with a portfolio of MLPs and other energy infrastructure companies.


Investment Manager M&A, Transactions