Brookfield Closes US$20 Billion Global Infrastructure Fund
07 Februar 2020 - 12:55PM
Brookfield Asset Management Inc. (“Brookfield”)
(NYSE: BAM, TSX: BAM.A) announced today the closing of its latest
flagship global infrastructure fund, Brookfield Infrastructure Fund
IV (“BIF IV” or the “Fund”), with total equity commitments
of $20 billion.
Based on strong investor demand, BIF IV
attracted total capital commitments exceeding the original
$17 billion fundraising target. BIF IV’s predecessor fund
closed in 2016 with $14 billion of total capital commitments.
Over the last 24 months, Brookfield has raised
more than $50 billion across its flagship private fund strategies,
including the close of its flagship real estate fund, Brookfield
Strategic Real Estate Partners III, at $15 billion, and its
flagship private equity fund, Brookfield Capital Partners V, at $9
billion, and co-investment capital across each fund. All three
flagship funds surpassed their fundraising targets.
Investors in BIF IV are a diverse group of 170
institutional investors from across the globe, including public and
private pension plans, sovereign wealth funds, insurance companies,
financial institutions, endowments and foundations, family offices,
and private wealth investors. Approximately 75% of the third-party
capital came from existing Brookfield investors, highlighting
Brookfield’s focus on building long-term relationships with its
limited partners.
Brookfield committed $5 billion to the Fund,
underscoring its strong alignment of interests with its investors.
Brookfield’s commitment will be funded through Brookfield
Infrastructure Partners L.P. (NYSE: BIP, TSX: BIP.UN) and
Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE:
BEP).
Sam Pollock, Head of Brookfield’s Infrastructure
Group, said: “The strong level of support we have received from
investors reflects the growing global demand for infrastructure
investments and their attractive characteristics. We have already
deployed a meaningful amount of the Fund into a number of
high-quality investments and are pleased with the opportunities we
continue to see across our target markets and sectors.”
To date, the Fund has invested or committed
approximately $8 billion, or 40% of its capital, to a diversified
set of attractive infrastructure businesses, including the largest
short-haul rail operator in North America, natural gas pipelines in
North America, data infrastructure businesses in South America, New
Zealand, India and the U.K., and a global portfolio of renewable
power assets.
Brookfield Asset Management
Brookfield Asset Management is a leading global alternative asset
manager with over US$540 billion of assets under
management across real estate, infrastructure, renewable power,
private equity and credit. Brookfield owns and operates
long-life assets and businesses, many of which form the backbone of
the global economy. Utilizing its global reach, access to
large-scale capital and operational
expertise, Brookfield offers a range of alternative
investment products to investors around the world—including public
and private pension plans, endowments and foundations, sovereign
wealth funds, financial institutions, insurance companies and
private wealth investors.
Brookfield Asset Management is listed on
the New York and Toronto stock exchanges under
the symbols BAM and BAM.A, respectively. For more information,
please visit www.brookfield.com.
For more information, please contact:
Media Claire
Holland Vice President, Communications & Branding Tel: +1 416
369 8236 Email: claire.holland@brookfield.com |
Investor
Relations Linda Northwood Director, Investor Relations
Tel: +1 416 359 8647 Email: linda.northwood@brookfield.com
|
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