(Bloomberg) -- 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,...
-- 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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