Canada
Brookfield Raises $6B for Global Infrastructure Debt Fund
Brookfield Asset Management has raised $6 billion for its third global infrastructure debt fund.
The debt raise has far-reaching commercial real estate implications. Toronto-based Brookfield committed $600 million to BID III, which is the world’s largest private infrastructure debt fund, Brookfield said in a news release.
The fund has already deployed more than 50% of its commitments through investments across its core infrastructure sectors, including the renewable power and data infrastructure sectors. Brookfield announced the raise after acquiring all of U.S.-based data centre firm Cyxtera’s assets for US$775 million.
In October, Brookfield raised $12 billion for its flagship global private equity program. The company invested $4 billion of its own money as part of that raise.
Earlier this year, Brookfield voiced its desire for acquisitions as it began to eye large investments to capitalize on reduced property values.
- ◦Financing
