Brookfield is raising about $2 billion for its Middle East private equity strategy, according to multiple reports. The fund, known as Brookfield Middle East Partners (BMEP), targets investments across the region and is expected to draw capital from a group of investors. The fund’s stated allocation plans call for deploying roughly half of its investment capital in Saudi Arabia. The remaining portion is intended for other countries in the Middle East, including the United Arab Emirates, Qatar, Oman, Kuwait and Bahrain.
One report notes that the fund is backed by Saudi Arabia’s Public Investment Fund (PIF), linking the initiative to the country’s broader investment ecosystem. The fundraising comes at a time when private equity firms are seeking growth opportunities amid weaker deal activity in some markets outside the region. Sources characterize the new vehicle as part of Brookfield’s effort to focus on opportunities in the Middle East where investment demand remains more resilient. No additional details about the fund’s fee structure, specific sectors, or timeline for deployment are provided in the excerpts.
