Brookfield to target $25 billion for largest infrastructure fund – Bloomberg News By Reuters
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© Reuters. FILE PHOTO: Bruce Flatt, Chief Executive Officer of Brookfield Asset Management (BAM), poses in front of the company’s logo in Tokyo, Japan, May 16, 2019. REUTERS/Hideyuki Sano(Reuters) – Canada’s Brookfield Asset Management Inc is looking to raise $25 billion for its fifth flagship infrastructure fund, Bloomberg News reported on Friday.
Brookfield has already started marketing the fund and may exceed the target, according to the report, which cited a person familiar with the matter.
A company spokesperson declined to comment.
Brookfield closed its $20 billion, fourth infrastructure fund a year ago and about 75% of the fund has been committed for investment, it said in a statement earlier this month, adding that it had already launched fundraising for its next fund.
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© Reuters. FILE PHOTO: Bruce Flatt, Chief Executive Officer of Brookfield Asset Management (BAM), poses in front of the company’s logo in Tokyo, Japan, May 16, 2019. REUTERS/Hideyuki Sano(Reuters) – Canada’s Brookfield Asset Management Inc is looking to raise $25 billion for its fifth flagship infrastructure fund, Bloomberg News reported on Friday.
Brookfield has already started marketing the fund and may exceed the target, according to the report, which cited a person familiar with the matter.
A company spokesperson declined to comment.
Brookfield closed its $20 billion, fourth infrastructure fund a year ago and about 75% of the fund has been committed for investment, it said in a statement earlier this month, adding that it had already launched fundraising for its next fund.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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