Brookfield completed the acquisition of the private equity solutions business from DWS.

Brookfield, an alternative asset management company, completed the acquisition of the private equity solutions business from DWS, an asset management firm. Financial terms were not disclosed. “We are pleased to have delivered a strong outcome for the clients and employees of our private equity solutions business. Brookfield Asset Management is a global player in private equity and a natural home for the PES business. Alternatives remains a priority growth area for DWS and this transaction allows us to focus on and fund new initiatives in our key areas of strength, including our strong real assets franchise and growing private debt business," Stefan Hoops, DWS CEO.