Alternative asset manager Brookfield has formed a strategic partnership with venture capital firm Sequoia Capital China to help entrepreneurs realize their growth ambitions by providing new forms of capital to support their infrastructure requirements as they scale their businesses.
In addition, Brookfield has become the largest limited partner of the Sequoia China Infrastructure Fund (SCIF), which recently completed fundraising. The fund aims to support the success of Chinese entrepreneurs by leveraging its investments across various new economy infrastructure, including modern and cold-chain logistics, data centres, new economy business parks, modern manufacturing workshops, life science parks, and new energy infrastructure.
The partnership, Brookfield says, combines Brookfield’s expertise in alternative investments, particularly the financing and operation of infrastructure and other real assets, with Sequoia Capital China's deep experience in China's new economy.
“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,” adds Bruce Flatt, CEO of Brookfield.
Sequoia Capital China’s founding and managing partner Neil Shen notes: “SCIF will become another partner of choice for Chinese entrepreneurs in supporting companies’ visions with the backdrop of an exciting growth story of China’s new economy.”