Brookfield Says It Can Triple Size of PE Business in Five Years

-- Brookfield Asset Management can triple the size of its private equity unit in the next five years, said Anuj Ranjan, the head of the business, in an interview with Bloomberg TV.Intel to Sell 49% of Irish Venture to Apollo for $11 Billion

While the challenge of selling out of companies has been a hot topic for private equity firms, Ranjan said Brookfield has been able to make “quite a few” exits in the past 12 months — despite the tough environment. Still, he expects higher interest rates to persist for some time, meaning some exits in the industry — especially for lower quality businesses — will be tough.

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