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Brookfield Asset Management Chief Executive Officer Bruce Flatt listens to other speakers, during their annual general meeting for shareholders in Toronto May 10, 2012.
Brookfield Asset Management Chief Executive Officer Bruce Flatt listens to other speakers, during their annual general meeting for shareholders in Toronto May 10, 2012.
(STRINGER/CANADA/REUTERS)

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Brookfield raises biggest Canadian PE fund in 3 years

Brookfield Asset Management has always loved turnarounds and other messy situations, and now it has $1-billion (U.S.) more to put to work investing in them.

Brookfield just closed Brookfield Capital Partners III, which is the biggest fund raised in Canada since 2010. According to peHUB Canada, which first reported the story here, the investors are mostly institutions with participation from Europe. About $250-million came from Brookfield.