The fifth vintage of Brookfield Asset Management’s flagship infrastructure fund has raised $27 billion of capital, with a final close scheduled for later this year, the firm revealed in a recent Q2 2023 letter to shareholders. This marks the largest infrastructure drawdown fund ever raised.
According to the announcement, the third vintage of Brookfield’s infrastructure debt fund also closed on more than $4 billion, surpassing its initial target. Propelled by strong support from investors, the vehicle is expected to hold a final closing on more than $5 billion later this year.
Brookfield said fundraising for its infrastructure business continues to be strong, with longstanding investors continuing to increase their capital commitments and new investors making new commitments.
“Investors have become increasingly selective in establishing partnerships with asset managers who can bring them scale funds, co-investments, and deals across asset classes and market