OMERS, the Canadian pension plan, has agreed to acquire an indirect minority interest in Australian lender and private credit manager La Trobe Financial from Brookfield, La Trobe said on 27 October 2026. Terms were not disclosed.
Why OMERS is buying La Trobe Financial (indirect minority interest, from Brookfield)
La Trobe said Brookfield remains its majority shareholder and strategic partner, with OMERS joining Brookfield and Axight on the register.
“OMERS’ investment is a strong vote of confidence in La Trobe Financial, our people and the platform we have built over more than seven decades.”
Deal terms and financing
OMERS, which has C$151.5bn of net assets, will acquire the interest indirectly from Brookfield. Financial Standard reported the stake at nearly 20%.
Regulatory approvals and timing
The transaction is subject to customary regulatory approvals and is expected to close by January 2027.
Market context
La Trobe manages A$27bn, up from A$22bn at the end of 2025. Brookfield bought the business from Blackstone in 2022 and sold a minority stake to Axight in April 2026.
