Brookfield Raises Record $6 Billion For Global Infrastructure Debt Investments
November 02 2023 - 7:00AM
Brookfield Asset Management (“Brookfield”) announced today the
closing of its global infrastructure debt program, Brookfield
Infrastructure Debt Fund III (“BID III” or the “Fund”). With
capital commitments exceeding $6 billion, including over $400
million in discretionary co-investment capital, BID III is the
world’s largest private infrastructure debt fund.
More than double the size of its predecessor
fund, BID III has received significant support from a diverse group
of institutional partners, including public and private pension
plans, sovereign wealth funds, financial institutions, endowments,
foundations and family offices. Brookfield has committed $600
million to the Fund, underscoring the firm’s alignment of interests
with other investors.
BID III has already deployed over 50% of its
commitments, having made investments across its core infrastructure
sectors, including the renewable power and data infrastructure
sectors. The Fund is focused on investments that are highly
defensive in nature, due to the regulated, contracted and
concession-based cash flows they produce, and is an alternative
source of capital to businesses that require access to trusted,
solutions-focused financing.
Ian Simes, Managing Partner and Co-Head of
Brookfield’s infrastructure debt and structured solutions
businesses, said, “We would like to thank our investors for their
continued support and helping us meet this significant milestone.
With access to the Brookfield ecosystem of real-time data and
global expertise, we are able to identify high-quality businesses,
operating in defensive areas of the market to generate attractive
risk-adjusted returns.”
Hadley Peer Marshall, Managing Partner and
Co-Head of Brookfield’s infrastructure debt and structured
solutions businesses, said, “This is a great time to be investing
in infrastructure debt. With capital constraints across the market,
we are increasingly becoming borrowers’ preferred partner and
continue to see a number of interesting opportunities to offer
flexible solutions for businesses across the globe.”
About Brookfield Asset
Management
Brookfield Asset Management Ltd. (NYSE: BAM,
TSX: BAM) is a leading global alternative asset manager with $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
In addition to historical fact, 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, and, “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 reflect management’s current estimates, beliefs and
assumptions, which are in turn based on management’s experience and
perception of historical trends, current conditions and expected
future developments regarding Brookfield, as well as other factors
management believes are appropriate in the circumstances.
Forward-looking statements include 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 Brookfield’s infrastructure debt strategy.
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, or that
are not presently known to Brookfield or that Brookfield currently
believes are not material, could cause actual results or events to
differ materially from those expressed or implied by
forward-looking statements.
Readers are cautioned not to place undue
reliance on forward-looking statements that are included in this
news release, which are made 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.
Brookfield Asset Managem... (NYSE:BAM)
Historical Stock Chart
From Apr 2024 to May 2024
Brookfield Asset Managem... (NYSE:BAM)
Historical Stock Chart
From May 2023 to May 2024