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Brookfield Private Equity Fund (BPE SICAV)

Managed by Brookfield Asset Management

Brookfield Private Equity Fund (BPE SICAV)

Managed by

Brookfield Asset Management

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Brookfield Private Equity Fund (BPE SICAV) is a Luxembourg Part II sub-fund that allows non-US investors to invest in the evergreen private equity strategy of Brookfield, i.e. control and structured investments in industrial and business services companies. BPE SICAV has 14 holdings with a NAV of US$854m (end July 2026). Monthly subscriptions and quarterly redemptions up to 5% of NAV are possible. The minimum subscription amount is EUR 25,000.

Key Statistics

Fund Size

€853.9M

Target Return

21.7%

Launch Year

2025

Min. Investment

€25,000

Availability

Open through selected distributors

Structure

SICAV (UCI Part II)

Product Category

Open-end

Domicile

Luxembourg

GP Type

Single

Liquidity Level

Semi-liquid

Management Fee

1.25%

Carry

12.5% of total return over 5% hurdle, high-water mark, 100% catch-up

Hurdle Rate

High Water Mark

Yes

Catch-Up Mechanism

100% catch-up

ISIN

LU3198988910

Currencies

USD, EUR, GBP, CHF

Investor Eligibility

Professional/Institutional Investors

Liquidity Options

Quarterly redemptions up to 5% of NAV

Highlights

Luxembourg Part II feeder into Brookfield's evergreen private equity strategy for non-US investors

NAV US$853.9m, 14 private investments, 79% business services (31 Jul 2026)

Monthly subscriptions, quarterly redemptions capped at 5% of NAV

1.25% management fee (waived to Oct 2026) plus 12.5% over a 5% hurdle

Minimum EUR 25,000; SRI 6 of 7

Key Information Document (KID) – EU Funds

KID Risk Indicator

6 out of 7

Low risk / Low rewardHigh risk / High reward

Annual Returns (KID Scenarios)

Moderate

13.3%

Favorable

21.7%

Average Total Cost Level (KID)

4.1%

Allocations

Geographic Focus

Investment Strategy

Industry Focus

Performance Summary

Performance as of 2026-07-31

Share Class	Ticker	NAV	Inception cumulative
Class A1 USD (institutional, accumulating)	—	USD 27.91	11.6%
Class B3 GBP (advisory, accumulating; 0.85% trail fee)	—	GBP 26.19	4.8%

Past performance does not predict future returns. NAV per share figures are the official month-end NAVs published on Brookfield's BPE SICAV fund page (as of July 31, 2026). Cumulative returns are derived arithmetically from the published NAV and the initial offer price of 25.00; they are not published by the manager, are not annualised and cover less than one year. The master fund management fee is waived for the first 12 months after November 1, 2025. Brookfield does not publish monthly returns for the SICAV; other share classes had not reported a NAV at this date.

Information about fund

BPE SICAV at a Glance

Brookfield Private Equity Fund (BPE SICAV) gives investors outside the United States access to Brookfield's evergreen private equity strategy, a strategy that US investors reach through a separate Delaware partnership and Canadians through a trust that feeds this SICAV. It is not BlackRock's private equity fund of the same abbreviation. The fund co-invests alongside Brookfield's institutional funds in control and structured positions, mostly in North American business services and industrial companies. At 31 July 2026 it held 14 private investments and had a net asset value of US$853.9 million. It opened to outside investors on 1 November 2025, so its track record is short.

Key Figures

Net Asset Value

US$853.9M

SICAV incl. Canadian feeder; 31 Jul 2026

Private Investments

79% business services, 21% industrials

Class A1 NAV

US$27.91

From US$25.00 on 1 Nov 2025 (+11.6%, not annualised)

Management Fee

1.25%

Waived for 12 months from 1 Nov 2025; plus 12.5% over 5% hurdle

Risk Indicator

6 / 7

KID; recommended holding period 5 years

Minimum

EUR 25,000

GBP 50,000 for sterling classes and UK investors

Terms & Liquidity

Legal Structure	Sub-fund of Brookfield Oaktree Wealth Solutions Alternative Funds S.A. SICAV-UCI Part II (Luxembourg, CSSF); feeder into Brookfield Private Equity Fund (FCP)
Manager	AIFM LFE European Asset Management S.a r.l.; investment manager Brookfield Asset Management Private Institutional Capital Adviser (Private Equity), L.P.; depositary J.P. Morgan SE, Luxembourg Branch
Share Classes / ISIN	A1 USD LU3198988910 and B3 GBP LU3214813456 (NAVs published); B1 USD LU3198989058, B2 EUR LU3214812649 and further USD/EUR/GBP/CHF classes
Fees	1.25% master management fee (waived to 31 Oct 2026); 12.5% performance participation over 5% hurdle with high-water mark; 0.85% trail fee on B and D classes; KID cost impact 4.1% a year (A1)
Subscriptions	Monthly at prior month-end NAV; EUR 25,000 minimum, EUR 10,000 top-ups
Redemptions	Quarterly, 60 days' notice; capped at 5% of NAV per quarter with pro-rating; 5% fee on shares redeemed within two years
Target Allocation	80-85% direct, secondary and primary private equity; 15-20% liquid assets; borrowing cap 50% of total assets
Risk / SFDR	SRI 6 of 7; SFDR Article 6

Leadership

David Nowak

CEO, Brookfield Private Equity Fund; President, Private Equity

Anuj Ranjan

CEO, Private Equity

Cyrus Madon

Executive Vice Chair, BAM; Executive Chair, Private Equity

Erson Olivan

Managing Partner, Portfolio Manager

Points to weigh. The fund is young: outside investors were first admitted in November 2025, the portfolio holds 14 companies and there is no full year of returns. Early NAV gains were earned while the 1.25% management fee was waived, and valuations are appraisal-based. Liquidity is quarterly, capped at 5% of NAV, with 60 days' notice and a 5% fee for exits within two years. The KID places it in risk class 6 of 7, and its scenarios exclude the waived management fee. Exposure is concentrated in North American business services and uses leverage. The reference currency is the US dollar and currency hedging is optional for the fund, so euro investors carry currency risk. Marketing in the Netherlands could not be confirmed.