![Brookfield closes US$7-billion infrastructure fund](https://www.benefitscanada.com/wp-content/uploads/sites/7/2010/12/infrastructure-bridge-blue-sky-e1479152743593.jpg)
Brookfield Asset Management has raised US$7 billion for its Brookfield Infrastructure Fund II.
Commitments to the fund exceeded the original US$5 billion fundraising target, reflecting strong investor demand. And Brookfield committed US$2.8 billion to the fund, aligning its interests with those of its investors.
The fund has more than 60 investors, half of which are first time investors in a Brookfield fund. They include sovereign wealth funds, insurers, and public and private pension plans.
“We are pleased to launch this fund at a time when we see strong opportunities to invest in high quality core infrastructure assets on an attractive risk-adjusted return basis,” says Sam Pollock, senior managing partner and CEO of Brookfield’s infrastructure group.
The fund will invest in infrastructure, with a focus on transportation, renewable power, utilities, and energy assets in North and South America, Europe and Australasia.
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