Net Assets

4 Months Ended

Sep. 30, 2025

Stockholders' Equity Note [Abstract]

Partners’ Capital

At the direction of the General Partner, the Fund has the authority to issue an unlimited number of Units of each Unit Class.

As of September 30, 2025, the Fund intends to offer three classes of limited partnership units (“Investor Units”): Class D (“Class D” or the “Class D Units”), Class I (“Class I” or the “Class I Units”) and Class S (“Class S” or the “Class S Units”). In addition, the Fund has authorized for issuance of Class B-1 (“Class B-1” or the “Class B-1 Units”) and Class B-2 (“Class B-2” or the “Class B-2 Units”) and together with Class D, Class I, Class S and Class B-1, each a “Class” or a "Unit Class". "Brookfield Units" include Class B-1 Units, Class B-2 Units and any other class or series of Units designated by the General Partner as Brookfield Units. The key differences among each Unit Class relate to the ongoing Servicing Fees, Management Fees and Performance Participation Allocation.

Issuance of Units

As of September 30, 2025, the Fund has issued 30,780,788 Class B-1 Units to Brookfield Investors. No Class B-2, Class D, Class I, or Class S Units have been issued by the Fund since its inception on May 21, 2025.

The following table presents transactions in the Fund’s Units from inception to September 30, 2025:


						Class B-1 Units
Units Outstanding as of May 21, 2025 (Inception)						—
Units Issued						30,780,788
Redemption of Units						—
Units Outstanding as of September 30, 2025						30,780,788

The purchase price per Unit of each Class will be equal to the transactional net asset value (“Transactional NAV”) per Unit for such Class as of the last calendar day of the immediately preceding month, aside from the initial offering purchase price of $25.00 per Unit of each Class. The Transactional NAV per Unit for each Class is determined by dividing the total assets of the Fund attributable to such Class, less the value of any liabilities of such Class, accrued expenses and adjusted for any fees applicable to certain classes of Units, by the total number of outstanding Units of such Class. Investor Units and Class B-2 Units are eligible for redemption under the Fund’s Redemption Program, which generally allows up to 5% of all outstanding units to be redeemed each quarter, whereas Class B-1 Units are subject to a separate redemption arrangement that includes a discount per unit.

Redemption of Class B-1 Units

As of the last calendar day of each month, the Fund may redeem Class B-1 Units from the Brookfield Investors in an amount determined by the General Partner in its sole discretion.

The redemption price per Class B-1 Unit for redemptions from Brookfield Investors will be for a period of the first 18 months, the lesser of (1) the then-current Transactional NAV per Class B-1 Unit and (2) the amount determined by dividing (A) the then-current fair value of the remaining Seed Investments determined in accordance with the Fund’s valuation policy less an agreed upon blended discount determined as a product of individualized rates associated with each of the Seed Investments, by (B) the total number of outstanding Units of Class B-1 Units, in each case as of the last calendar day of the applicable month. After the first 18 month period, Class B-1 Units will be redeemed at the Transactional NAV. Any benefit from the redemption proceeds being below the Transactional NAV for the Class B-1 Units at the time of redemption shall be retained by the Fund as a whole and may be used for any permitted purpose under the Fund’s agreements.

Redemption of Investor Units and Class B-2

At the sole discretion of the General Partner and in accordance with the Partnership Agreement the Fund has implemented a redemption program (“Redemption Program”) to allow for redemptions of Investor Units and the Class B-2 Units, on a quarterly basis, up to 5% of all Classes of Units outstanding. The General Partner may, in its discretion and in accordance with the Partnership Agreement, cause the Fund to exceed the 5% quarterly redemption limitation in any calendar quarter. The General Partner may amend or suspend the Redemption Program if in its reasonable judgment it deems such actions to be in the Fund’s best interest, including but not limited to tax, regulatory or other structuring reasons.

The Redemption Program is expected to commence in the first full quarter following the Initial Offering Date. Any redemption requests for Units that have not been outstanding for at least two (2) years will be subject to an early redemption fee equal to 5% of the Transactional NAV of the Units being redeemed (calculated as of the redemption date) for the benefit of the Fund and therefore indirectly its Unitholders. The two-year holding period is measured as of the subscription date immediately following the prospective redemption date.

- Definition

The entire disclosure for equity.

+ References

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+ Details

Brookfield Private Equity Fund LP 10-Q