Brookfield Is Missing Out on the PE Secondaries Boom Its CEO Saw Coming
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Bruce Flatt was clear with his prediction: the secondary market for private equity, real estate and infrastructure was ready to take off, and it could become a $50 billion business for his Brookfield Asset Management.
Five years after the Brookfield chief executive officer's forecast, the boom has come and Brookfield has largely missed out. It's been on the sidelines as rivals rush to raise funds to buy chunks of portfolio companies from other buyout shops or offer their investors a way out.
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