BAKU, Azerbaijan, October 1. Brookfield, a
leading global investment firm, and the State Oil Fund of the
Republic of Azerbaijan (“SOFAZ”) signed a memorandum of
understanding in a strategic partnership to explore investment
opportunities in Azerbaijan and the wider Caucasus and Central Asia
region.
This was reported by the State Oil Fund of the Republic of
Azerbaijan (“SOFAZ”).
The partnership brings together Brookfield’s global investment
and operating capabilities with SOFAZ’s deep regional expertise and
institutional relationships. The partners will identify investment
opportunities across sectors including energy and private equity,
while supporting global institutional investor participation in the
region. The partnership will strengthen Brookfield's on-ground
presence and footprint in Azerbaijan. As opportunities develop,
additional international institutional investors are expected to
participate, broadening the investor base and enabling investments
to be pursued at greater scale.
Connor Teskey, CEO, Brookfield Asset Management,
said, “Azerbaijan and the region have significant
long-term investment potential, supported by growing energy demand,
abundant resources and an increasing focus on attracting global
capital. We have a long-standing relationship with SOFAZ, and this
partnership builds on that strong foundation. We look forward to
combining our capabilities to identify high-quality opportunities
and bring additional institutional capital into the region.”
Israfil Mammadov, CEO, SOFAZ, said: “This
partnership with Brookfield reflects our ambition to deepen
relationships with leading global investors and enable long-term
institutional capital investing in the region. Brookfield brings
extensive investment and operating expertise, and we see
significant potential to work together to identify and develop
opportunities that support the region’s continued economic
growth.”
About Brookfield
Brookfield is a leading global investment firm with more than $1
trillion in assets under management that owns and operates real
assets and essential service businesses that form the backbone of
the global economy. We invest on behalf of institutions and
individuals around the world across infrastructure, energy, private
equity, real estate, and credit—sectors critical to supporting
economic growth and productivity. With a heritage spanning more
than a century and operations in over 30 countries, we deploy
long-term, patient capital to build the foundational assets and
businesses that power a more connected, resilient, and sustainable
future—seeking to build long-term wealth for our clients while
delivering strong risk-adjusted returns for our shareholders.
For more information, please visit our website at
www.brookfield.com
About SOFAZ
The State Oil Fund of the Republic of Azerbaijan (SOFAZ),
established in 1999, is a sovereign wealth fund dedicated to
managing the nation’s oil and gas revenues, with a commitment to
safeguarding and enhancing wealth for future generations. As a
long-term investor with more than USD 72 billion in assets under
management, SOFAZ pursues a diversified investment strategy that
encompasses global opportunities across various sectors, including
fixed income, equities, gold, real estate, and infrastructure.
