Global alternative asset manager Brookfield Asset Management has announced the closing of its flagship global infrastructure equity fund, Brookfield Infrastructure Fund V (BIF V).
The fund has exceeded expectations, raising $30 billion for its strategy, including $28 billion for the fund and approximately $2 billion in related co-investment vehicles.
Brookfield Infrastructure Fund V is the world’s largest closed-ended private infrastructure fund and the largest fund ever raised by Brookfield.
The fundraising exceeded Brookfield’s initial target of $25 billion. BIF V is a substantial 40% larger than its predecessor, BIF IV.
BIF V’s success is attributed to robust investor support, with approximately 200 diverse limited partners committing to the fund.
The majority of the capital has been raised from existing investors, including public and private pension plans, sovereign wealth funds, financial institutions, endowments, foundations and family offices.
Sam Pollock, CEO of Brookfield’s Infrastructure Group, expressed satisfaction with the robust support received from investors, attributing it to Brookfield’s market-leading position in the infrastructure sector. He stated, “We are pleased with the strong endorsement of our business by our investors, which we believe is a function of our market-leading position in the infrastructure sector.
BIF V is expected to capitalize on significant investment opportunities driven by the “Three Ds” – digitalization, decarbonization, and deglobalization.
The fund has already deployed approximately 40% of its capital in six investments, including marquee investments in renewable, transport, data center and telecom tower assets.
Brookfield remains optimistic about the fund’s future, anticipating substantial returns through the creation of long-term value for its investors.
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