DUBAI, Oct 31 (Reuters) - Hassana, the investment arm of

Saudi Arabia's main pension fund, is looking into becoming an

anchor investor in Brookfield's new $2 billion Middle

East fund, it said in a statement on Thursday.

That would see Hassana joining the kingdom's sovereign

wealth fund, the Public Investment Fund, which said on Wednesday

it was backing the new fund, Brookfield Middle East Partners,

which will target half its investments in Saudi Arabia. PIF's

undisclosed anchor investment was a non-binding agreement.

Hassana could allocate up to $500 million to the fund, in

addition to Brookfield's own $500-million commitment, the

statement said.

The fund will target buyouts, structured solutions and other

investment opportunities across a range of sectors including

industrials, consumer and business services, technology and

healthcare.

Hassana has become an increasingly active global investor

since the merger of the kingdom's General Organization of Social

Insurance and the Public Pension Agency in 2021.