Canada Procurement News Notice - 54539


Procurement News Notice

PNN 54539
Work Detail 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 Brookfields 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.
Country Canada , Northern America
Industry Construction
Entry Date 06 Dec 2023
Source https://www.infrapppworld.com/news/usd30-billion-raised-for-worlds-largest-closed-ended-private-infrastructure-fund

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