Hassana, the investment arm of Saudi Arabia's main pension fund, is considering becoming an anchor investor in Brookfield's (BN.TO), opens new tab new $2 billion Middle East fund, it said on Thursday.
That would bring Hassana on board with the kingdom's PIF sovereign wealth fund, which announced on Wednesday that it had entered a non-binding agreement to become an anchor investor in the Brookfield Middle East Partners fund.
Hassana could allocate up to $500 million to the fund, in addition to Brookfield's own $500 million commitment, the statement said. PIF had not disclosed the size of its potential backing.
The Brookfield fund will target buyouts, structured solutions and other investment opportunities across a range of sectors including industrials, consumer and business services, technology and healthcare.
Hassana has become an increasingly active global investor since the merger of the kingdom's General Organization of Social Insurance and the Public Pension Agency in 2021.
In a separate statement on Thursday, Hassana said it was considering becoming an anchor investor in a $1 billion Middle East-focused fund launched by U.S. investment firm EIG. Hassana said it would allocate up to $250 million for the fund, which will target infrastructure and energy transition projects.
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