Brookfield Veterans Debut Firm to Bet on Health Care, Insurance

After about two decades of working for Brookfield Asset Management, Bahir Manios and David Levenson have launched their own firm to invest in infrastructure, health care and financial services.

The two men have established Genesis Financial Asset Management with ambitions to invest in transactions worth as much as $1 billion. The firm’s model is to raise separate pools of capital for each deal, with no deadline to exit the investment, rather than raising money for a fund that deploys the cash into multiple assets or companies.

The Canadian firm is looking to buy controlling stakes or provide structured financing ...