Brookfield Infrastructure to raise up to $7 billion for its second infrastructure fund
Private Equity Hub Canada has reported that Brookfield Asset Management is nearing the final close of its second infrastructure fund and is set to raise up to $7 billion. The fund would the second biggest fund ever raised after the $8.25 billion Global Infrastructure Partners II.
The source states that Brookfield Infrastructure Fund II held a first close in July on about $6.2 billion, according to a filing with the US Securities and Exchange Commission. Brookfield Asset Management has invested about $2 billion of its own money in the fund.
The fun will make 15 to 25 portfolio investments, using $200 million to $500 million per deal. The main target is the U.S. but the fund will also invest in Europe, South America and the Australasia region.
Regarding sectors, renewable power and transportation are the main focus, other target sectors including utilities and energy will also be of interest.
Brookfield announced earlier this week that was increasing its investment in Arteris, the owner of several toll roads in Brazil, together with Abertis.
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