In 2022, Brookfield acquired La Trobe Financial. Founded in 1952, La Trobe Financial is a prominent Australian diversified credit asset manager with more than A$20 billion in assets under management. La Trobe manages fixed income credit funds on behalf of more than 100,000 qualified retail investors, primarily in residential property-backed loans. It also plays a critical role in the Australian real estate credit market by financing loans to high-quality borrowers such as business owners, recent immigrants and others who require specialised underwriting expertise.