Brookfield Public Securities Group’s Acquisition of Center Coast Capital Holdings and Certain Assets of Liberty Street Advisors and HRC

Paul Hastings LLP represented Brookfield Asset Management’s Public Securities Group in the completion of its acquisitions of Center Coast Capital Holdings, LLC, an energy infrastructure-focused, Houston-based SEC-registered investment adviser with approximately $4 billion in assets under management, and certain assets of Liberty Street Advisors, Inc. and its affiliates, HRC Fund Associates, LLC and HRC Portfolio Solutions, LLC.

The acquisitions, which expand Brookfield’s investment platform and diversify its offerings of public securities portfolios, were previously announced on October 10, 2017, and bring the total assets under management of Brookfield’s Public Securities Group to more than $20 billion.

Brookfield Asset Management Inc. is a publicly owned asset management holding company. The company, led by James Bruce Flatt, Brian D. Lawson, Brian W. Kingston, Cyrus Madon and Samuel J. B. Pollock, invests in the property, power, and infrastructure sectors.

Paul Hasting advised with a team including Michael Rosella (Picture) and M&A partner Luke Iovine led the Paul Hastings team, which also included Tax partner Joe Opich, of counsel Vadim Avdeychik and Jacqueline May and associates Leslie Kersey Todd Schneider and Sean Murphy.

 

Involved fees earner: Luke Iovine III – Paul Hastings; Jacqueline May – Paul Hastings; Leslie Kersey – Paul Hastings; Sean Murphy – Paul Hastings; Michael Rosella – Paul Hastings; Vadim Avdeychik – Paul Hastings; Todd Schneider – Paul Hastings; Joseph Opich – Paul Hastings;

Law Firms: Paul Hastings;

Clients: Brookfield Asset Management Inc;

 

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Author: Ambrogio Visconti