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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.

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Brookfield Asset Management will acquire an energy infrastructure-focused investment advisor

Investment Management partner

 and M&A partner  led the Paul Hastings team, which also included partner , senior counsel , of counsel  and  and associates  and .

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.
At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.

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