- Brookfield Asset Management Inc. (BAM) has closed its latest investment fund, Brookfield Infrastructure Fund IV, at C$26 billion in capital
- The company has invested 6.6 billion themselves into the fund
- 40% of the fund has already been invested in global infrastructure and data assets
- Brookfield has a market capitalisation of C$89 billion
- Brookfield Asset Management Inc.’s (TSX: BAM) is down 0.84% today, with shares currently trading at C$84.7
Brookfield Asset Management Inc. (BAM) has raised C$26 billion in committed equity for its latest global infrastructure fund.
The original target for the fund was 3 billion less, suggesting high demand for Brookfield’s latest investment opportunity.
75% of the investment in Fund IV has come from existing Brookfield clients and is a mix of public and private pension plans, sovereign wealth funds, insurance companies, financial institutions, endowments and foundations.
Brookfield have committed C$6.6 billion to fund themselves.
“The strong level of support we have received from investors reflects the growing global demand for infrastructure investments and their attractive characteristics,” said Sam Pollock, Head of Brookfield’s Infrastructure Group.
Over the last two years the company, has been pushing to expand their private fund investment, raising more than C$66 billion across a number of real estate and capital funds.
Brookfield announced it has already committed C$10.7 billion of the investment, approximately 40%, to a number of infrastructure projects around the world.
These include a natural gas pipeline and a short-haul rail operator in North American.
The company has also invested in data infrastructure throughout South America, New Zealand and India as well as a number of renewable power assets spread globally.
Brookfield Asset Management Inc.’s (TSX: BAM) is down 0.84% today, with shares currently trading at C$84.7