BAM - Brookfield Raises Record $30 Billion For Flagship Infrastructure Strategy | Benzinga
BROOKFIELD, NEWS, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Brookfield Asset Management ("Brookfield") announced today the closing of its flagship global infrastructure equity fund, Brookfield Infrastructure Fund V ("BIF V" or the "Fund"), having raised $30 billion for the strategy, including $28 billion for the Fund and approximately $2 billion in related co-investment vehicles. BIF V is the world's largest closed-ended private infrastructure fund, and the largest fund ever raised by Brookfield.
BIF V benefitted from strong investor support, with a diverse group of approximately 200 limited partners committing to the Fund. The fundraising exceeded Brookfield's target of $25 billion and BIF V is 40% larger than its predecessor vehicle, BIF IV. 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, said: "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. With significant momentum in the sector as a result of multi-decade investment themes, we look forward to deploying the Fund's remaining capital and creating long-term value for our investors."
BIF V is expected to benefit from significant investment opportunities related to the "Three Ds" of digitalization, decarbonization, and deglobalization. These multi-decade themes underpin BIF V's investment strategy of investing in high-quality assets that are ...