Brookfield Raises Record $30 Billion For Flagship Infrastructure Strategy
01 Décembre 2023 - 1:00PM
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 critical to the global
economy and creating sustainable value through an active asset
management approach. The Fund has already deployed approximately
40% of its capital in six investments, including marquee
investments in renewable, transport, data center and telecom tower
assets.
About Brookfield Asset
ManagementBrookfield Asset Management Ltd. (NYSE: BAM,
TSX: BAM) is a leading global alternative asset manager with over
$850 billion of assets under management across renewable power and
transition, infrastructure, private equity, real estate, and
credit. We invest client capital for the long-term with a focus on
real assets and essential service businesses that form the backbone
of the global economy. We offer 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. We draw on Brookfield’s heritage as an owner and
operator to invest for value and generate strong returns for our
clients, across economic cycles.
For more information, please visit our website
at https://bam.brookfield.com or contact:
Media:Simon MaineBrookfield
Asset ManagementM: +44 739 890 9278E:
Simon.Maine@brookfield.com
Notice to Readers
This news release contains “forward-looking
information” within the meaning of Canadian provincial securities
laws and “forward-looking statements” within the meaning of the
U.S. Securities Act of 1933, the U.S. Securities Exchange Act of
1934, “safe harbor” provisions of the United States Private
Securities Litigation Reform Act of 1995 and in any applicable
Canadian securities regulations (collectively, “forward-looking
statements”). Forward-looking statements include statements that
are predictive in nature, depend upon or refer to future results,
events or conditions, and include, but are not limited to,
statements which reflect management’s current estimates, beliefs
and assumptions and which are in turn based on our experience and
perception of historical trends, current conditions and expected
future developments, as well as other factors management believes
are appropriate in the circumstances. The estimates, beliefs and
assumptions of Brookfield are inherently subject to significant
business, economic, competitive and other uncertainties and
contingencies regarding future events and as such, are subject to
change. Forward-looking statements are typically identified by
words such as “expect”, “anticipate”, “believe”, “foresee”,
“could”, “estimate”, “goal”, “intend”, “plan”, “seek”, “strive”,
“will”, “may” and “should” and similar expressions. In particular,
the forward-looking statements contained in this news release
include statements referring to the prospects of the Fund.
Although Brookfield believes that such
forward-looking statements are based upon reasonable estimates,
beliefs and assumptions, certain factors, risks and uncertainties,
which are described from time to time in our documents filed with
the securities regulators in Canada and the United States, not
presently known to Brookfield, or that Brookfield currently
believes are not material, could cause actual results to differ
materially from those contemplated or implied by forward-looking
statements.
Readers are urged to consider these risks, as
well as other uncertainties, factors and assumptions carefully in
evaluating the forward-looking statements and are cautioned not to
place undue reliance on such forward-looking statements, which are
based only on information available to us as of the date of this
news release. Except as required by law, Brookfield undertakes no
obligation to publicly update or revise any forward-looking
statements, whether written or oral, that may be as a result of new
information, future events or otherwise.
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