ABU DHABI, SYDNEY, NEW YORK– Apr. 17, 2026 – Axight, an Asia-focused private equity investment manager, has agreed to acquire a significant minority stake in La Trobe Financial, an Australia-based alternative asset manager, from Brookfield’s private equity business.
The transaction values La Trobe Financial at approximately US$2.1 billion. Brookfield, a leading global alternative asset manager headquartered in New York and with more than US$1 trillion under management, has owned La Trobe Financial since May 2022. Brookfield will remain the majority shareholder following the transaction, where Axight acquired a minority stake through its managed vehicle.
La Trobe Financial has grown assets under management (AUM) from US$9.9 billion to US$16.3 billion over the past four years. 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, which has resulted in deeper engagement with investors, better service to clients, and improved efficiencies.
Axight is an Abu Dhabi-based private equity investment manager focusing on investing across the Asia Pacific region. Axight was established by Lunate, a global investment firm with over US$115 billion in AUM.
Shiv Gupta, Head of Australia for Brookfield’s Private Equity Group, said:
“We have high conviction in La Trobe Financial’s long-term value. The business has added US$2.1 billion in AUM during the last 12 months alone and with structural tailwinds – including an ageing population, growing superannuation balances and an estimated US$5.3 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.”
Mujtaba Hussain and Jerry He, Co-Managing Partners at Axight, said:
“We look forward to partnering with Brookfield to support the next phase of growth at La Trobe Financial, leveraging its scale, origination capabilities, and diversified funding model. This transaction reflects our strategy on partnering with high‑quality platforms underpinned by strong fundamentals, resilient business models, outstanding management teams and clear pathways for long‑term value creation.”
The transaction is subject to customary regulatory approvals and is expected to close in Q3 2026.
