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Canada  + Cross Border News  + Ontario  + Finance  | 
Brookfield has raised $12 billion for its flagship capital fund.

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 worldโ€™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.

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Inside The Story

Brookfield Asset ManagementAnuj Ranjan

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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