Brookfield Public Securities Group to Acquire Center Coast Capital Holdings and Certain Assets of Liberty Street Advisors and HRC
October 10, 2017
New York - Paul Hastings LLP, a leading global law firm, announced today that the firm is representing Brookfield Asset Management’s Public Securities Group in its planned acquisition of Center Coast Capital Holdings, an affiliate of Houston-based energy infrastructure investment adviser, Center Coast Capital Advisors (CCC). In conjunction with the transaction, Brookfield also will acquire certain assets of New York-based SEC-registered investment adviser, Liberty Street Advisors, Inc., and its affiliates, HRC Fund Associates, LLC and HRC Portfolio Solutions, LLC (HRC).
The acquisition of CCC will strengthen and expand Brookfield’s business and research capability, diversifying its real asset public securities investment offerings. In addition, with the acquisition of certain HRC assets related to CCC, Brookfield will broaden its national retail distribution capability that markets its suite of public securities investment funds.
Brookfield Asset Management will acquire an energy infrastructure-focused investment advisor
Investment Management partner Michael Rosella and M&A partner Luke Iovine led the Paul Hastings team, which also included partner Joe Opich, senior counsel Mark Poerio, of counsel Vadim Avdeychik and Jacqueline May and associates Leslie Kersey and Todd Schneider.
The transaction, which is subject to customary closing conditions and regulatory approvals, including shareholder approvals for the funds, is expected to close in the first quarter of 2018.
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