Brookfield Asset Management has announced the closing of Brookfield Infrastructure Fund V (BIF V), having raised US$30 billion, including US$28 billion for the Fund and approximately US$2 billion in related co-investment vehicles.
BIF V garnered robust investor support, securing commitments from about 200 diverse limited partners, surpassing Brookfield's US$25 billion target. Notably, BIF V is 40% larger than its predecessor, BIF IV, and the majority of funding comes from existing investors, encompassing public and private pension plans, sovereign wealth funds, financial institutions, endowments, foundations, and family offices.
The Fund anticipates capitalizing on significant investment prospects linked to the "Three Ds" – Digitalization, Decarbonization, and Deglobalization. Aligned with these long-term themes, BIF V follows an investment strategy focused on high-quality assets critical to the global economy, employing an active asset management approach to create sustainable value. To date, the Fund has deployed around 40% of its capital across six investments, including prominent ventures in renewable energy, transportation, data centers, and telecom tower assets.
The Corner Brook Health Partnership (CBHP) has officially handed over the newly constructed acute care Western Memorial Regional Hospital to NL Health Services in Corner Brook, Newfoundland and Labrador, Canada.
Read moreInfrastructure Ontario (IO) and CHEO have awarded a CAD371.37 million (US$ 272.5 million) contract for the CHEO Integrated Treatment Centre Redevelopment (1Door4Care) project in Canada.
Read moreThe government of Canada has announced the groups that will be able to submit a proposal for the High-Frequency Rail (HFR) project.
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Infrastructure Ontario has announced that the request for proposals (RFP) stage has closed for teams to submit their bids to design, build and finance the 1Door4Care: CHEO Integrated Treatment Centre in Canada.
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Algoma University has issued a Request for Proposal (RFP) for the Design Build Finance and Maintenance (DBFM) of a new student residence building for its Brampton campus in Ontario, Canada.
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