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Brookfield hires Nicholas Apostolatos from Barclays to lead healthcare PE investing

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Brookfield Asset Management has hired Nicholas Apostolatos from Barclays to lead healthcare investing in its private equity business, Bloomberg reported.

He joins the firm as managing director, and will report directly to Cyrus Madon, CEO of the group’s private equity business, when he starts in July.

Apostolatos has spent seven years at Barclays where he had worked in the health-care investment banking group.

He worked at Morgan Stanley for sixteen years prior to Barclays and left as managing director of investment banking, according to his LinkedIn profile.

Brookfield Asset management raised an initial $7bn last year for the world’s biggest investment fund focused on the global transition to a net-zero economy.

Founding investment partner Ontario Teachers’ Pension Plan and Temasek have both committed to achieving net zero by 2050 or sooner, and have committed ‘significant capital’ to the vehicle alongside a commitment to strategically invest alongside it.

The firm has more than $600bn of assets under management across real estate, infrastructure, renewable power, private equity and credit.

It also passed its $500m goal for the final close of its second growth fund last year.

The Canadian investment house is reportedly eyeing up to $15bn for its third flagship private equity fundraise.

It raised $4bn for its debut private equity fund in 2016, and followed it with a $9bn sophomore vehicle in 2019.

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