NEW YORK, SYDNEY, ABU DHABI – Apr. XX, 2026 - Brookfield Asset Management, a leading global alternative asset manager with more than US$1 trillion in assets under management, today announced the sale of a X per cent stake in Australian alternative asset manager La Trobe Financial to Axight, an Asia-focused private equity investment manager, for A$X million.
The transaction values La Trobe Financial at approximately A$3 billion. Brookfield, which has owned La Trobe Financial since May 2022, will remain the majority shareholder following completion.
Since Brookfield’s acquisition, La Trobe Financial has grown assets under management (AUM) from A$14 billion to A$23 billion. Drawing on Brookfield’s operating expertise, the business has launched several new products, including a listed investment trust on the Australian Securities Exchange, and continues to expand its product offering. It has significantly invested in improving its systems, including the re-platforming of La Trobe Direct and the credit origination engine, which has resulted in deeper engagement with investors, better service to clients, and cost savings.
Established by Lunate, a global investment firm with more than US$ 115 billion in assets under management and headquartered in Abu Dhabi, Axight deploys capital across diversified sectors and markets in Asia Pacific, focusing on established companies with strong track records and robust business models. Axight’s investment in La Trobe Financial is aligned with its strategy of acquiring direct minority stake positions in scaled high-quality businesses that benefit from structural growth trends.
Brookfield Head of Australia Private Equity Shiv Gupta said:
“We have high conviction in La Trobe Financial’s long-term value. The business has added A$3 billion in AUM during the last 12 months alone and with structural tailwinds – including an ageing population, growing superannuation balances and an estimated A$7.5 trillion in household financial assets – the opportunity ahead is significant. We are pleased to welcome Axight, and together will work alongside management to help La Trobe Financial execute on its strategy of delivering consistent, risk aware returns to investors and reliable, specialist credit solutions to borrowers.”
X, Managing Partner at Axight, said:
“Our investment in La Trobe Financial is predicated on backing a uniquely well-positioned credit manager that combines scale, origination strength, and a diversified funding model. Australia’s robust institutional fundamentals, combined with La Trobe’s exceptional origination capabilities developed over seven decades, make this a compelling investment for us. We are excited to partner with Brookfield and management to support La Trobe’s continued growth ahead”
The transaction is subject to customary regulatory approvals including the Foreign Investment Review Board and is expected to close in Q3 26.
