Canadian alternative investment giant Brookfield Asset Management is aiming to raise at least $7bn for its fourth infrastructure debt fund, expanding one of the largest strategies in the sector, according to a report by Bloomberg.
The report cites unnamed sources familiar with the matter as revealing that the new fund will invest in both junior and senior infrastructure debt, continuing Brookfield’s existing approach. Its predecessor, which closed in November 2023 with over $6bn in investor commitments, is now largely deployed, with data and renewable energy assets making up a significant portion of its portfolio, the sources said.
A Brookfield representative declined to comment on the fundraising effort.
During its recent earnings call, Brookfield emphasised that its infrastructure debt platform is already the largest strategy of its kind, and the upcoming fund is expected to be substantially larger than the previous one.
Brookfield has remained highly active in infrastructure investments. On Monday, the firm agreed to acquire the US onshore renewables business of National Grid Plc for $1.7bn. Additionally, Brookfield announced earlier this month a €20bn ($20.9bn) commitment to develop data centres and AI infrastructure in France over the next five years.
The asset manager currently oversees $202bn in infrastructure assets globally, according to its website.
