Brookfield Asset Management has collected $1.6 billion in capital for its open-end infrastructure fund, several media sources reported this week.
The firm reported a $1 billion first close for the Brookfield Super-Core Infrastructure Partners in December. Less than a year later, it has added $600 million in additional capital.
Brookfield is reportedly planning to use the funds to invest in the utilities, telecommunications, renewable energy and transportation sectors in North America, Europe, South America and Australia.
The firm has invested more than $30 billion in capital, primarily for its four listed partnerships — Brookfield Property Partners, Brookfield Infrastructure Partners, Brookfield Renewable Partners and Brookfield Business Partners — according to the firm’s website.
Brookfield has more than $385 billion in assets under management.