Brookfield Asset Management announced the closing of its US$2.7 billion Brookfield Americas Infrastructure Fund, L.P., which is focused on investing in high quality infrastructure assets primarily in North and South America.
This leading infrastructure fund is nearly double the original target of US$1.5 billion, reflecting strong investor demand. Brookfield will manage the Fund and has committed 25% of total capital commitments, or approximately US$660 million.
"We are excited about the opportunity to manage the Fund and invest alongside our partners at a time when high quality infrastructure opportunities are available on an attractive risk-adjusted basis," said Sam Pollock, Senior Managing Partner and Chief Executive Officer of Brookfield's Infrastructure Group.
"We believe that our long history as an owner and operator of infrastructure assets positions us well to create significant value for Brookfield and our investors."
The Fund will own and operate high quality, long-life assets that generate stable cash flows, require relatively minimal maintenance capital expenditures and, by virtue of barriers to entry and other characteristics, tend to appreciate in value over time. The Fund will target investments in the utilities, renewable power, transportation and energy sectors.
Investors in the Fund include a diverse group of sovereign wealth funds, and public and private pension plans from North America, Europe, Asia and the Middle East.
"We are delighted to have a group of the world's leading investors join us in the establishment of this Fund. Institutional investors were attracted to Brookfield's track record of successfully owning and operating infrastructure assets," said Leo van den Thillart, Head of Brookfield's Private Funds Group.
Since 2001, Brookfield has established a series of private funds and investment programs with total capital commitments of approximately US$22 billion.
Brookfield's capital commitment to the Fund will be primarily funded by Brookfield Infrastructure Partners LP.
Source: Brookfield Asset Management
This leading infrastructure fund is nearly double the original target of US$1.5 billion, reflecting strong investor demand. Brookfield will manage the Fund and has committed 25% of total capital commitments, or approximately US$660 million.
"We are excited about the opportunity to manage the Fund and invest alongside our partners at a time when high quality infrastructure opportunities are available on an attractive risk-adjusted basis," said Sam Pollock, Senior Managing Partner and Chief Executive Officer of Brookfield's Infrastructure Group.
"We believe that our long history as an owner and operator of infrastructure assets positions us well to create significant value for Brookfield and our investors."
The Fund will own and operate high quality, long-life assets that generate stable cash flows, require relatively minimal maintenance capital expenditures and, by virtue of barriers to entry and other characteristics, tend to appreciate in value over time. The Fund will target investments in the utilities, renewable power, transportation and energy sectors.
Investors in the Fund include a diverse group of sovereign wealth funds, and public and private pension plans from North America, Europe, Asia and the Middle East.
"We are delighted to have a group of the world's leading investors join us in the establishment of this Fund. Institutional investors were attracted to Brookfield's track record of successfully owning and operating infrastructure assets," said Leo van den Thillart, Head of Brookfield's Private Funds Group.
Since 2001, Brookfield has established a series of private funds and investment programs with total capital commitments of approximately US$22 billion.
Brookfield's capital commitment to the Fund will be primarily funded by Brookfield Infrastructure Partners LP.
Source: Brookfield Asset Management
