Brookfield Asset Management has announced that it has held a final close for Brookfield Infrastructure Debt Fund III (BID III) after raising more than $6 billion of capital.
In addition to capturing commitments from institutional partners such as public and private pension plans, sovereign wealth funds, financial institutions, endowments, foundations and family offices, Brookfield itself also has committed $600 million to the fund.
BID III is seeking to make investments that are highly defensive in nature and has to date deployed more than 50 percent of its commitments in investments in core infrastructure sectors such as renewable power and data infrastructure.
“This is a great time to be investing in infrastructure debt,” said Hadley Peer Marshall, managing partner and co-head of Brookfield’s infrastructure debt and structured solutions businesses. “With capital constraints across the market, we are increasingly becoming borrowers’ preferred partner