Brookfield Raises $1 Billion Through Its Inaugural Infra Fund

The New York headquartered leading global asset management firm Brookfield Asset Management on Monday announced the closing of its inaugural Brookfield Infrastructure Structured Solutions Fund (BISS), a middle-market infrastructure fund, achieving its fundraising target with approximately $1 billion of capital commitments.

Driven by key trends of decarbonisation, digitalisation and de-globalisation, the demand for infrastructure investment has been growing and an estimated $94 trillion is needed across the world to meet this demand by 2037.

Considering the current scenario, only $79 trillion are available and there is a shortfall of $15 trillion, according to Global Infrastructure Outlook, a G20 Initiative.

BISS is focused on deploying Brookfield’s capabilities as an owner and operator of global infrastructure assets to partner with sponsors, developers, and corporates in the mid-market. The strategy seeks to invest both structured and common equity.

BISS’s strategy targets sectors in which Brookfield has established operations and significant asset expertise, drawing on the platform’s direct investment capabilities to source transactions and access differentiated opportunities.

Initial investments in the Fund include, Strategic Venue Partners, a leading in-building wireless infrastructure platform, and Origis Energy, a U.S. renewable energy developer, Brookfield, which manages more than $1 trillion in funds, said.

Brookfield affiliated entities contributed $150 million of the committed capital in BISS, underscoring the firm’s longstanding alignment of interests with those of its investors. With a material portion of the Fund already committed and a strong pipeline of opportunities, Brookfield expects to significantly grow the Infrastructure Structured Solutions strategy over the coming years.

Expanding Brookfield’s Platform

Ian Simes, Managing Partner and Co-Head of Brookfield’s infrastructure debt and structured solutions businesses, said that they were delighted with the support from their clients for this first-time fundraise, which demonstrated the appetite from investors to access this market opportunity. “It marks a further expansion of the Brookfield Infrastructure platform into the middle market, providing capital solutions to a wider range of infrastructure investors, including other sponsors,” he added.

Hadley Peer Marshall, Managing Partner and Co-Head of Brookfield’s infrastructure debt and structured solutions businesses, added: “. The Brookfield Infrastructure Structured Solutions Fund blends the attributes of infrastructure debt and infrastructure equity, both of which are areas where Brookfield manages the world’s largest funds. We look forward to growing this new strategy to a similar scale over time.”

Brookfield’s asset under management is spread across renewable power and transition, infrastructure, private equity, real estate, and credit.

The company invests client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. It also offers a range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.