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Brookfield closes inaugural infrastructure debt fund

Brookfield Asset Management has held the final close on the Brookfield Infrastructure Debt Fund (BID) with aggregate equity commitments of approximately USD885 million, exceeding its target of USD700 million. 

BID is Brookfield’s first investment vehicle focused on infrastructure debt, targeting mezzanine debt investments in high-quality core infrastructure assets primarily in North America, as well as in South America, Australia, and Europe.

Investors in the Fund are a diverse group of institutional investors, including public pension plans and financial institutions.

“We are grateful for the strong support we have received from our investors, whose contributions demonstrate that demand for infrastructure debt investing continues to grow,” says Sam Pollock, Senior Managing Partner and Head of Brookfield’s Infrastructure Group. “We are pleased to leverage our extensive infrastructure and credit expertise into high quality infrastructure debt investments that offer attractive, risk-adjusted returns.”

To date, the Fund has made a number of investments, creating a diversified portfolio of core infrastructure debt assets in the transportation, renewable power, and energy sectors, representing aggregate mezzanine lending commitments of approximately USD200 million.

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