Brookfield has formed a partnership with Sequioa China, an investment firm which focuses on helping entrepreneurs build enduring companies in China’s new economy.
The partnership comes as the Canadian investor becomes the largest limited partner of the Sequoia China Infrastructure Fund, which recently completed its fundraising.
Financial details of the deals were undisclosed.
Brookfield said the strategic partnership combined the group’s expertise in alternative investments, particularly the financing and operation of infrastructure and other real assets, with Sequoia China’s deep experience in China’s new economy.
Bruce Flatt, CEO of Brookfield, said: “The combined strengths of Sequoia China and Brookfield, together with our Oaktree franchise, enable us to offer holistic solutions to entrepreneurs looking to expand their businesses.
Sequioa China Infrastructure Fund seeks to support Chinese entrepreneurs by leveraging its investments across various sectors of new economy infrastructure, including modern logistics, cold chain logistics, data centres, new economy business parks, modern manufacturing workshops, life science parks and new energy infrastructure.
Neil Shen, managing partner, a former investment banker, who founded Sequoia China in 2005, said the infrastructure fund would become “another partner of choice for Chinese entrepreneurs” operating in China’s growing new economy.
IPE Real Assets understands that, under the partnership, Sequoia would use its network to identify emerging Chinese companies and the role of Brookfield would be to provide the underlying brick and mortar to support these businesses.
Sequoia China is focused on three sectors – technology, consumer, and healthcare. Over the past 17 years, Sequoia China has invested in more than 900 companies.
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