Brookfield Asset Management Inc.'s public securities group completed the acquisitions of Center Coast Capital Holdings LLC, certain assets of Liberty Street Advisors Inc. and its affiliates HRC Fund Associates LLC and HRC Portfolio Solutions LLC.
Center Coast Capital Holdings, an affiliate of Center Coast Capital Advisors LP, is a Houston-based, energy-focused investment adviser with about $4 billion in assets under management. Liberty Street has acted as the investment adviser to Center Coast Capital's MLP Focus Fund since it was formed.
HRC is the third-party marketing and servicing agent of Center Coast Capital products to financial advisers and wealth managers.
The public securities group now has more than $20 billion of assets under management, said its CEO, Craig Noble.
Brookfield also formed a dedicated energy infrastructure investment team led by Dan Tutcher, Rob Chisholm and Jeff Jorgensen, who are from HRC. The team will remain based in Houston and will manage the Center Coast Brookfield MLP Focus Fund and the Center Coast Brookfield MLP & Energy Infrastructure Fund.
Center Coast MLP & Infrastructure Fund shareholders on Jan. 23 approved a new investment advisory agreement with Brookfield Investment Management Inc.
