Brookfield Venture Arm Cuts Big Check for Musk’s Twitter Bid (1)

May 5, 2022, 4:41 PM UTC

Brookfield Asset Management Inc.’s new venture capital arm has cut its largest check to date to help finance Elon Musk’s takeover of Twitter Inc.

The alternative asset manager’s Brookfield Growth division piled $250 million into Musk’s $7.1 billion equity raise for the deal, according to a regulatory filing Wednesday. The financing for Musk stems from a long-standing relationship between the billionaire and Canada’s largest alternative asset manager.

Josh Raffaelli, Brookfield Growth managing partner, said the relationship has given the firm a “front row seat” on Musk’s focus on operational excellence and building iconic businesses.

“We are thrilled ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.