Brookfield Asset Management is attempting to raise $25 billion for its fifth flagship infrastructure fund, which will be the firm’s largest ever.
According to a source acquainted with the situation, the firm has already begun marketing the fund, which may exceed the target. A spokeswoman for Brookfield, located in Toronto, declined to comment.
According to a statement released earlier this month by Brookfield, its US$20 billion fourth infrastructure fund has committed around 75% of its capital for investment.
Brookfield Infrastructure Partners, the firm’s publicly listed business, has made many recent acquisitions, including AusNet Services Ltd. of Australia and Inter Pipeline Ltd. of Western Canada.
Infrastructure funds continue to attract money from investors attracted by the prospect of consistent, recurring profits. Bloomberg reported last week that Adebayo Ogunlesi’s Global Infrastructure Partners aims to raise $25 billion for a new flagship fund.
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