Tricap Partners

Connor Teskey was appointed CEO of Brookfield Asset Management in May 2024 and previously led the private equity group that includes Tricap. Investment decisions are made by dedicated private equity teams drawing on Brookfield's operating professionals across sectors. The firm does not disclose a standalone Tricap investment committee.

Tricap Partners is a private equity platform within Brookfield Asset Management, not a family office. It targets control-oriented special-situations and turnaround investments using Brookfield's permanent capital base and institutional fund vehicles. The platform operates alongside Brookfield's flagship infrastructure, real estate, and credit funds.

Tricap executes direct control investments, co-investments, and select PIPE and public-to-private transactions. It does not operate as a fund-of-funds. Brookfield's broader platform raises institutional funds, and Tricap deploys capital from those vehicles directly into operating companies.

Tricap targets distressed, underperforming, or orphaned businesses across buyout, turnaround, restructuring, recapitalization, and public-to-private situations. The firm also pursues growth-stage investments and early-stage positions when tied to broader industrial or infrastructure themes, though restructuring remains the core focus.

Tricap does not publicly maintain an exclusion list, but its parent Brookfield concentrates on real assets, infrastructure, and industrial businesses. The platform is unlikely to pursue venture-stage technology, pure-play life sciences, or consumer internet where Brookfield lacks operational leverage.

Sourcing relies on Brookfield's global network of operating businesses, regional partnerships, and corporate relationships. Distressed corporate carve-outs, lender-driven restructurings, and direct negotiations with family- or founder-owned industrial companies form the pipeline. The firm's ability to close complex transactions without financing contingencies gives it an advantage in proprietary situations.

Capital is drawn from Brookfield's institutional fund investors, including pension funds, sovereign wealth funds, endowments, and insurers, as well as Brookfield's own permanent capital base. Tricap is not backed by a single family or individual fortune.