Brookfield Asset Management raises $30B for Brookfield Infrastructure Fund V

Brookfield Asset Management announced the closing of its flagship global infrastructure equity fund, Brookfield Infrastructure Fund V, having raised $30 billion for the strategy, including $28 billion for the Fund and approximately $2 billion in related co-investment vehicles. BIF V is the world’s largest closed-ended private infrastructure fund, and the largest fund ever raised by Brookfield. BIF V benefitted from strong investor support, with a diverse group of approximately 200 limited partners committing to the Fund. The fundraising exceeded Brookfield’s target of $25 billion and BIF V is 40% larger than its predecessor vehicle, BIF IV. The majority of the capital has been raised from existing investors, including public and private pension plans, sovereign wealth funds, financial institutions, endowments, foundations and family offices.