Brookfield’s asset-management unit amassed $30 billion in fresh capital to invest in data centers, telecommunications towers, renewable-power plants and other infrastructure assets, wrapping up its largest fund ever and taking one more step toward its goal of collecting $150 billion in commitments this year.
The Toronto-based firm closed its Brookfield Infrastructure Fund V with $28 billion, surpassing the amount raised for each of its other vehicles to date. The firm brought in 12% more than its $25 billion target for Fund V and 40% more than the $20 billion it collected for a predecessor vehicle in 2020.
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8