Abu Dhabi-based private equity firm Axight has entered into an agreement to acquire a minority stake in La Trobe Financial from Brookfield Asset Management, in a transaction valuing the Australian alternative asset manager at A$3 billion (USD 2.15 billion).
Following the deal, Brookfield will continue to hold a majority stake in La Trobe, according to a joint statement released by the companies on Friday.
The New York-headquartered asset manager noted that the investment is set to support La Trobe’s next stage of expansion, with its assets under management growing from A$14 billion to A$23 billion over the past four years.
In a separate announcement, La Trobe Private Credit Fund confirmed that there will be no changes to the board of directors or senior leadership within its responsible entity or investment management team.
The transaction remains subject to regulatory clearances and is anticipated to be finalised in the third quarter of 2026.
Established in 1952, La Trobe currently supports more than 130,000 investors and works with over 4,700 financial advisers, as outlined in the statement.
