Brookfield Nears $10B Target For Infrastructure Fund
Brookfield is being bold again—the firm is closing in on its $10B fundraising goal for its new global infrastructure fund and should hit its target within weeks.
The first close for the fund would be among the largest private equity infrastructure vehicles ever raised, and it comes as investors throw more money into asset classes amid low fixed-income yields, Bloomberg reports.
Mark Williams, a managing director of private assets advisory firm Cliffwater, says Brookfield expects to hit its $12B cap by its final close.
New Mexico’s pension fund plans to commit $75M, a few sovereign wealth funds are planning to throw in $500M apiece, and several Public Employees Retirement Systems are also planning to allocate cash. [Bloomberg]