Brookfield closes infrastructure debt fund at $6bn

Brookfield Asset Management closed its Brookfield Infrastructure Debt Fund III at over $6bn, which the firm said is the world’s largest private infrastructure debt fund.

Capital commitments include more than $400m in discretionary co-investment capital, Brookfield said in a Nov. 2 news release. The firm also committed $600m to the fund, which it said underscores its alignment of interests with other investors.

Over 50% of commitments have already been deployed, with investments across renewable power and data infrastructure and other sectors.

“This is a great time to be investing in infrastructure debt,” said Hadley Peer Marshall, managing partner and co-head of Brookfield’s infrastructure debt and structured solutions businesses, in the release. “With capital constraints across the market, we are increasingly becoming borrowers’ preferred partner and continue to see a number of interesting opportunities to offer flexible solutions for businesses across the globe.”

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Investors include Maine Public Employees Retirement System, Augusta, and Sacramento County (Calif.) Employees’ Retirement System.

The predecessor fund, Brookfield Infrastructure Debt Fund II, closed in December 2020 at $2.7bn.

Brookfield Asset Management has $850bn in assets under management across renewable power and transition, infrastructure, private equity, real estate and credit.

Source: Pensions&Investments

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