At a glance
- Brookfield, which bought La Trobe in 2022, keeps majority ownership.
- The OMERS interest is at the manager level, not in a fund: a stake in the business that originates loans rather than in a pool of them.
- For allocators, the ownership structure is the change: Brookfield stays majority holder while OMERS sits indirectly behind a Brookfield vehicle, so La Trobe's shareholders include a Canadian pension plan alongside a sponsor.
OMERS will acquire an indirect minority interest in La Trobe Financial, an Australian alternative asset manager with A$27 billion in assets, through a Brookfield private equity investment vehicle, Alternative Credit Investor reported Oct. 27. Brookfield, which bought La Trobe in 2022, keeps majority ownership. Financial terms were not disclosed.
The OMERS interest is at the manager level, not in a fund: a stake in the business that originates loans rather than in a pool of them. The deal is expected to close in the first quarter of 2027, subject to regulatory approvals, Alternative Credit Investor reported.
For allocators, the ownership structure is the change: Brookfield stays majority holder while OMERS sits indirectly behind a Brookfield vehicle, so La Trobe's shareholders include a Canadian pension plan alongside a sponsor. Terms of the OMERS stake, including governance rights and any funding commitments, were not disclosed.
La Trobe has added a US private credit product and a listed investment trust on the Australian Securities Exchange since 2022, Alternative Credit Investor reported. The manager has also taken outside minority capital before: Axight, an Asia-focused private equity manager, bought a minority stake in April.
Reported by the Who's investing desk from Alternative Credit Investor. Published . Corrections