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Private Funds
A Global Alternative Asset Manager
Private Funds | 1
CONTENTS
In Profile 2
Brookfield Private Funds 4
What We Do
6
The Brookfield Advantage 8
Industry Recognition
10
Property
12
Infrastructure 14
Private Equity16
Timberlands & Agriculture
18
Office Locations20
All content is accurate at date of print, December 2014. © 2014 Brookfield Asset Management Inc.
2 | Private Funds
IN PROFILE
Brookfield is a leading global alternative asset manager, distinguished by a
100-year history of owning and operating real assets, which offer investors
favorable long-term, risk-adjusted returns. Today, Brookfield manages
approximately $200 billion of assets for our own account and on behalf of our
clients.
Brookfield Private Funds offers investment strategies in areas where we believe
we possess competitive advantages, including property, infrastructure, private
equity, and timberlands and agriculture. Our global reach enables us
to identify and acquire high-quality assets, and our long history of strategic,
deep-value investing, disciplined management and conservative financing has
been central to our investment approach.
We leverage our leading operating platforms to enhance the cash flows
and values of the assets in which we invest. Our focus is on operational
improvements, such as repositioning a commercial property, enhancing the
management of an infrastructure asset or restructuring an operating company.
“Brookfield’s distinct competitive advantage is our
ability to leverage our global operating platforms
to successfully invest in real assets and deliver our
clients strong risk-adjusted returns.”
Bruce Flatt, Chief Executive Officer, Brookfield Asset Management
Brookfield Place, New York, NY, United States
4 | Private Funds
BROOKFIELD PRIVATE FUNDS
Toronto
Brookfield Private Funds’ offerings span the risk return spectrum, and include
global, regional and sector-specific property, infrastructure, private equity,
New York
Los Angeles
timberlands and agriculture funds.
Brookfield employs approximately 700 investment professionals across its
business lines (including controlled portfolio companies), which, together
with 28,000 operating employees in 100 offices globally, provide the funds
with financial, operational, risk management, legal and regulatory insights and
expertise.
In our private funds, we have raised $47 billion of capital, including $16 billion
by Brookfield, and our clients include some of the world’s largest and most
prominent pension funds, sovereign wealth funds, insurance companies,
financial institutions, corporations, endowments, foundations and high net
worth individuals.
We are committed to providing the highest level of service to our clients,
and continually strive for best-in-class practices. To this end, Brookfield Private
Funds is supported by a team of more than 50 dedicated professionals focused
on all aspects of client relations, from fundraising and due diligence to fund
management and financial reporting.
OPERATING EMPLOYEES
28,000
INVESTMENT PROFESSIONALS
700
GLOBAL OFFICES
100
Rio
Private Funds | 5
Seoul
Tokyo (2015)
Shanghai
Hong Kong
Mumbai
London
Singapore
de Janeiro
Dubai
Sydney
ASSETS UNDER MANAGEMENT
CANADA
UNITED STATES
SOUTH AMERICA
UK, WESTERN EUROPE
& MIDDLE EAST
ASIA & AUSTRALASIA
$23B
$124B
$20B
$11B
$15B
6 | Private Funds
WHAT WE DO
Our investments are focused in areas where we believe we possess competitive
advantages, and where we are in a position to actively manage our assets and
create opportunities for value through operational improvements.
ASSET CLASS
PROPERTY
Office, Retail, Multifamily,
Industrial and Hotel
AUM1
$113B
PROFILE
•
•
•
•
•
207 office properties comprising 104 million sq. ft. and 32 million sq. ft. development potential
174 regional malls comprising 156 million sq. ft. and $2.3 billion re-development pipeline
23,355 owned and 55,000 managed apartments
192 industrial properties comprising 48 million sq. ft. and 63 million sq. ft. development potential
11 hotels with 8,850 rooms
ASSET CLASS
INFRASTRUCTURE
Transportation, Renewable Energy,
Utilities and Energy
AUM1
$42B
PROFILE
• 10,500 km of transmission lines in Canada, the U.S. and Chile
• 36 ports, 3,200 km of toll roads and 9,100 km of rail operations in Europe, North America, South
America and Australia
• 15,500 km of natural gas pipelines and 300 billion cubic feet of storage capacity
• 204 hydroelectric power plants, 28 wind farms and approximately 6,700 megawatts of total
installed capacity
1.
AUM excludes cash and financial assets and other assets totaling ~$2 billion. Property AUM includes assets held through our approximate
22% interest in Canary Wharf Group PLC (“Canary Wharf”).
Private Funds | 7
ASSET CLASS
PRIVATE EQUITY
AUM1
$16B
PROFILE
• Contrarian, value-oriented investor in all economic environments
• Proven track record of value creation through our operations-oriented approach
• Leveraging industry expertise and information resident in Brookfield's global real assets
and related platforms to invest in core industries such as energy, metals, mining and forest
products
ASSET CLASS
TIMBERLANDS &
AGRICULTURE
AUM1
$3B
PROFILE
• 3.8 million acres of timberlands in North and South America
• ~600,000 acres of agricultural land in Brazil
ASSET CLASS
PUBLIC SECURITIES
AUM1
$17B
PROFILE
• Infrastructure equities, REIT equities, real asset hedge funds and real asset credit
1.
AUM excludes cash and financial assets and other assets totaling ~$2 billion.
8 | Private Funds
THE BROOKFIELD ADVANTAGE
OWNERS & OPERATORS
As long-standing operators of and investors in real assets, we believe our operationsoriented approach provides us with a distinct competitive advantage to actively
manage our investments to enhance value on behalf of our clients.
ALIGNMENT OF INTERESTS
We invest alongside our clients, and are typically the largest investor in our
investment vehicles. In addition, Brookfield’s senior management has a significant
ownership stake in the company.
RESTRUCTURING & FINANCIAL EXPERTISE
The breadth and depth of our financial, mergers and acquisitions, and restructuring
capabilities have earned us a strong track record and reputation for investing in
multi-faceted situations and distressed businesses, and enables us to execute
transactions that most others cannot.
VALUE ORIENTED
We acquire assets on a value basis to maximize long-term, risk-adjusted returns
on capital. We believe contrarian thinking produces many of our best investments.
CAPITAL PRESERVATION
Protecting the capital entrusted to us is at the forefront of how we think about
risk and, therefore, we pursue a prudent and disciplined approach to investing
and to leverage.
GLOBAL PRESENCE
We are well-positioned to pursue opportunities on a global scale with over
700 investment professionals across our business lines and controlled portfolio
companies and 28,000 operating employees in 100 offices around the world.
Gartshore Hydroelectric Facility, Canada
10 | Private Funds
INDUSTRY RECOGNITION
2014
IP Real Estate: Largest Real Estate Investment Manager
Turnaround Management Association: Turnaround of the Year – Large Company
Canadian Venture Capital & Private Equity Association: Private Equity Deal of the Year
Brendan Wood International: #1 for Confidence in Long Term Growth
2013
Infrastructure Investor: Global Fund Manager of the Year
Infrastructure Investor: Global Fundraising of the Year
Infrastructure Investor: North American Fundraising of the Year
INREV/ANREV: Largest Global Real Estate Manager
Institutional Real Estate Newsletter: Top Real Estate Investment Manager by AUM
IP Real Estate: Largest Real Estate Investment Manager
2012
Private Equity Real Estate: North America Firm of the Year
Property Funds Research: Largest Global Real Estate Investment Manager by AUM
Infrastructure Investor: Latin American Infrastructure Deal of the Year
Institutional Real Estate Newsletter: #1 Real Estate Investment Manager by AUM
Towers Watson: Second Largest Global Real Estate Manager
INREV/ANREV: Second Largest Global Real Estate Fund Manager
Preqin: Top Consistent Performing Real Estate Manager
2011
Infrastructure Investor: North American Fund Manager of the Year
Pension and Investment: Fastest Growing Money Manager (>$10B)
Preqin: #1 Private Equity Fund Manager in Latin America (Aggregate Capital Raised 2001–11)
2010
Private Equity Real Estate: Global & North America Deal of the Year
Preqin: Top Consistent Performing Real Estate Manager
Longview Fibre Paper and Packaging, United States
12 | Private Funds
PROPERTY
Brookfield Property Group is comprised of our sector-specific operating platforms
in the office, retail, multifamily, industrial and hotel asset classes.
With over $113 billion of property assets under management, we are one of the
world’s largest and most sophisticated owners and operators of real estate.
•
Over 550 office, retail, industrial and hotel properties comprising approximately 400 million square feet
• Over 78,000 owned or managed apartments, and 8,850 hotel rooms
We have built our property platforms through the integration of formative
portfolio acquisitions over many decades. Our collaborative and disciplined
approach to investing has been successful through ever-changing market
cycles. Having invested approximately $31 billion of equity capital into real
estate transactions since 1987, we have a significant track record of delivering
strong, risk-adjusted returns to our investors in our listed company and private
partnership vehicles.
Brookfield Place, New York, USA
Hamptons at South Park, North Carolina, USA
Brookfield Place, Perth, Australia
$113B
ASSETS UNDER MANAGEMENT
~400M ~550
SQUARE FEET GLOBALLY
PROPERTIES UNDER MANAGEMENT
14 | Private Funds
INFRASTRUCTURE
Brookfield manages approximately $42 billion of long-life infrastructure assets in
North and South America, Europe and Australasia generating secure and growing
cash flows with high barriers to entry and low maintenance capital requirements.
We have more than 100 years of experience owning, operating and investing in
infrastructure assets. Since 1999, we have made over 50 infrastructure investments.
• 36 ports, 3,200 kilometers of toll roads and 9,100 kilometers of rail operations
•204 hydroelectric power plants, 28 wind facilities and approximately
6,700 megawatts of total installed capacity
• 10,500 kilometers of transmission lines
•15,500 kilometers of natural gas pipelines and 300 billion cubic feet of
storage capacity
We are recognized for our ability to optimize the value of our portfolio through
disciplined management, and financial and operational restructuring. We continue
to expand our operations through acquisitions and new development projects,
including a wind portfolio in Europe, toll roads in Chile and Brazil, hydroelectric
generating stations in the United States and a district energy company in
downtown Toronto.
Enwave Deep Lake Cooling Pipeline, Toronto, Canada
Autopista Vespucio Norte, Santiago, Chile
Prince Wind Farm, Canada
$42B
4
ASSETS UNDER MANAGEMENT
LEADING PLATFORMS
9,000
OPERATING EMPLOYEES
16 | Private Funds
PRIVATE EQUITY
Brookfield has over 20 years of private equity investing experience and has
demonstrated the ability to successfully deploy significant capital over a number
of market cycles. We often approach investing from a contrarian perspective,
targeting out-of-favor sectors, and leveraging the knowledge base across our real
assets and related operating platforms to source proprietary transactions and
develop underwriting theses.
We seek to invest in high-quality assets in industries where we believe we
have a competitive or informational advantage. Target opportunities include
investments in businesses that are low cost producers or benefit from high
barriers to entry, and in many cases have tangible underlying assets. Our
contrarian approach to investing looks to source transactions in out-of-favor
sectors and utilize our industry-recognized leadership in distressed investing and
restructurings.
Post-acquisition, we seek to deploy an active management approach focused on
strategic, operational and/or financial improvements.
CWC Well Services Corporation, Canada
Hammerstone Corporation, Canada
Ainsworth Lumber Company, Canada
>20
7
>40
YEARS PRIVATE EQUITY
INVESTING EXPERIENCE
INDUSTRIES
PRIVATE EQUITY INVESTMENT
PROFESSIONALS
18 | Private Funds
TIMBERLANDS & AGRICULTURE
Brookfield has more than three decades of experience directly owning, managing
and financing timberlands and paper and forest product companies in North and
South America, as well as agricultural land in Brazil.
We are one of the largest timberlands investment managers globally by value.
We have a track record for sustainably managing our timberlands portfolio, which
is comprised of approximately 3.8 million acres of timberlands. We believe
that our timber operations have a number of attractive attributes, including
scarce, high-value, premium assets, a diversified product mix, well-established
infrastructure, and excellent market access. These attributes, together with
favorable industry dynamics, provide for a high margin business with sustainable
cash flows.
Our agriculture portfolio is comprised of approximately 600,000 acres of prime
agricultural land in Brazil, producing crops such as sugarcane, soybeans, corn and
sorghum. We believe that our agriculture operations have compelling investment
characteristics, including world-class productivity levels, good climate conditions
and logistics that combine for long-term value creation.
Fazenda Pirapitinga Farm, Brazil
Joinville, Brazil
Comfloresta, Paraná and Santa Catarina, Brazil
$3B
30
ASSETS UNDER MANAGEMENT
YEARS OF EXPERIENCE
~4M
ACRES OF LAND
20 | Private Funds
OFFICE LOCATIONS
UNITED STATES
BRAZIL
HONG KONG
Brookfield Place
250 Vesey Street, 15th Floor
New York, NY 10281-1023
Rua Lauro Müller, n° 116 – 21° andar
Botafogo – Rio de Janeiro, RJ
22290-160 – Brasil
Suite 2302, Prosperity Tower
39 Queens Road Central
Central, Hong Kong
71 South Wacker Drive
Suite 3400
Chicago, IL 60606
UNITED KINGDOM
SINGAPORE
99 Bishopsgate
2nd Floor
London EC2M 3XD
Brookfield Singapore Pte Limited
#24-01, Income at Raffles
16 Collyer Quay
Singapore 049318
Century Plaza Towers
2029 Century Park East
14th Floor
Los Angeles, CA 90067
CANADA
Brookfield Place, Suite 300
Bay Wellington Tower
181 Bay Street, Box 762
Toronto, ON M5J 2T3
UNITED ARAB EMIRATES
Level 1, Al Manara Building
Sheikh Zayed Road
PO Box 212975
Dubai, UAE
INDIA
Unit 203, 2nd Floor
Tower A, Peninsula Business Park
Senapati Bapat Marg, Lower Parcel
Mumbai - 400013
KOREA
21/F, Seoul Finance Centre
136 Sejong-daero
Jung-gu, Seoul 100-768
AUSTRALIA
Level 22
135 King Street
Sydney, NSW 2001
For further information please visit Brookfield.com/privatefunds
NOTICE
This document has been provided to you solely to update you regarding recent developments with respect to Brookfield and may not be
reproduced or transmitted, in whole or in part, for any other purpose.
Brookfield Private Advisors LLC, a wholly owned subsidiary of Brookfield Asset Management Inc., a registered broker dealer with the SEC and
a FINRA Member. Certain employees of Brookfield’s Private Funds Group may be registered with Brookfield Private Advisors LLC. None of
Brookfield, its officers, employees, agents or affiliates makes any express or implied representation, warranty or undertaking with respect to this
document. This document has been prepared for institutional investors only. It has not been filed with FINRA and may not be reproduced, shown,
quoted to, or used with members of the public.
This document does not constitute an offer to sell or a solicitation of an offer to buy securities. The information set forth herein does not purport to
be complete. Certain information contained herein may constitute material non-public information in respect of Brookfield and may not be used to
trade in securities or other financial interests on the basis of any such information. Nothing contained herein should be deemed to be a prediction
or projection of future performance of a fund.
All data as of September 30, 2014. Please contact Brookfield if you would like to discuss any of the information set forth herein.
brookfield.com/privatefunds