Brookfield Asset Management Inc
Brookfield Closes Inaugural Infrastructure Debt Fund
BROOKFIELD, NEWS, Jan. 02, 2018 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. ("Brookfield") (NYSE:BAM) (TSX:BAM.A) (Euronext:BAMA) announced today that it held the final close on the Brookfield Infrastructure Debt Fund ("BID" or the "Fund") with aggregate equity commitments of approximately US$885 million, exceeding its target of US$700 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," said 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 US$200 million.
Brookfield Asset Management
Brookfield is a leading global alternative asset manager with over $265 billion in assets under management. The company has more than a 100-year history of owning and operating assets with a focus on infrastructure, real estate, renewable power and private equity. Its infrastructure debt business seeks to lend to owners and operators of high quality infrastructure assets globally across the renewable power, utilities, transport, and energy sectors. For more information, please visit our website at www.brookfield.com
For more information, please contact:
Information om Globenewswire
Følg pressemeddelelser fra Globenewswire
Skriv dig op her og modtag pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Globenewswire
Biome Grow14.11.2018 14:01 | pressemeddelelse
Biome Grow subsidiary, Highland Grow, receives license to sell to other licensed producers from Health Canada
ADC Therapeutics SA14.11.2018 13:31 | pressemeddelelse
ADC Therapeutics Announces Presentations at 60th American Society of Hematology (ASH) Annual Meeting
Vricon14.11.2018 13:01 | pressemeddelelse
Major telco company partners with Vricon to accelerate 5G rollouts across the USA
LeddarTech inc.14.11.2018 06:02 | pressemeddelelse
LeddarTech’s Mobility Leadership Series Addresses Autonomous Driving and LiDAR Technologies in Europe
ELS Educational Services, Inc.13.11.2018 23:21 | pressemeddelelse
ELS Educational Services, Inc. Wins English Language School Award for Sixth Consecutive Year
PubMatic, Inc.13.11.2018 15:01 | pressemeddelelse
New PubMatic Research Reveals Mobile Header Bidding Volumes Nearly Double as the Technology Extends to In-app Environments
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum