Brookfield Asset Management Ltd. announced a strategic partnership with Soundcore Capital Partners, LP and its commercial paving platform, Heartland Paving Partners. The investment is to accelerate the platform's growth as it pursues further consolidation in the Upper Midwest market. The transaction marks Brookfield's first investment through its private equity sponsor solutions strategy, which focuses on providing bespoke solutions to mid-market buyout sponsors seeking secondary and growth capital for high performing assets.

Soundcore has an established track record of creating and methodically scaling platform businesses through its buy-and-build strategy in niche service sectors. Recent platform investments include Heartland and Door & Dock Holdings.