Brookfield Asset Management aims to sell Peak Infrastructure, valuing the vehicle at $1.2bn inclusive of debt, to cash in on the prevailing valuation uptick of similar assets, said people aware of the development.
Six years after setting up a platform for its toll road assets, The Canadian asset manager is looking to cash out. Peak Infrastructure owns five road assets.
Brookfield, which made its India entry in 2014, has deployed about $20 billion in the country till date. Half the amount was invested in infrastructure during the 2018-20 period.
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Brookfield Asset Management is a global alternative asset manager with approximately $575bn of assets under management across real estate, infrastructure, renewable power, private equity and credit.
Brookfield offers a range of alternative investment products to investors around the world—including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.
Source: Economic Times
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