A new and noteworthy stage is beginning in Azerbaijan’s investment policy. The strategic partnership memorandum signed between the State Oil Fund of the Republic of Azerbaijan (SOFAZ) and Brookfield, one of the world’s largest global alternative asset managers, creates new opportunities on the investment map of Azerbaijan, the South Caucasus, and Central Asia. The main significance of this cooperation lies in bringing together two major institutional entities, expanding regional projects’ access to global capital markets, and establishing new investment platforms.

It should be noted that SOFAZ currently manages total assets of more than $72 billion. Established in 1999, the Fund’s main mission is to manage Azerbaijan’s oil and gas revenues over the long term and preserve them for future generations. Over the years, the Fund has built a broadly diversified portfolio by investing in various asset classes, including bonds, money market instruments, equities, gold, real estate, and infrastructure.

Brookfield, meanwhile, manages more than $1 trillion in assets and operates in more than 30 countries. The company’s investment footprint covers key sectors of the economy, including infrastructure, energy, private equity, real estate, and credit. Thus, the partnership brings together experience in managing more than........

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