Market Chatter: Brookfield Asset Management Closes Brookfield Growth Unit

MT Newswires Live

Feb 14, 2025

Brookfield Asset Management (BAM) has closed its Brookfield Growth venture capital-focused unit, Bloomberg News reported Friday, citing unnamed sources familiar with the matter.

Sources told Bloomberg that the parent company is moving certain Brookfield Growth assets and workforce to its Pinegrove Capital division. According to Bloomberg, a Brookfield spokesperson said the company intends to move all its venture investments to Pinegrove Capital.

Brookfield Asset Management did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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According to Bloomberg, a Brookfield spokesperson said the company intends to move all its venture investments to Pinegrove Capital.</p><p>Brookfield Asset Management did not immediately respond to MT Newswires' request for comment.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4135","symbol_name":"资产管理与托管银行","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2511640616","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2511640616","pubTimestamp":1739535474,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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