Brookfield Asset Management has announced that it has held a final close for Brookfield Infrastructure Fund III (BID III) after raising more than USD6 billion of capital.
Brookfield Infrastructure Fund III (BIF III) is a closed-end infrastructure private equity fund managed by Brookfield Asset Management. The fund was launched in 2016 and raised US$14 billion in capital commitments. BIF III invests in a wide range of infrastructure assets, including transportation, utilities, energy, and renewable energy. BIF III has a core-plus investment strategy, which targets assets with stable and predictable cash flows, as well as growth potential. The fund invests in a global portfolio of assets, with a focus on North America, Europe, and Australia. BIF III has a diversified portfolio of infrastructure assets, including:
BIF III has generated strong returns for its investors since its launch in 2016. The fund has an annualized net internal rate of return (IRR) of over 15%.