Brookfield Raises Record $6B for Infrastructure Debt Fund

Brookfield Asset Management, the alternative asset manager giant with $850 billion of assets under management announced the closing of its global infrastructure debt program, Brookfield Infrastructure Debt Fund III (BID III).

With capital commitments exceeding $6 billion, including over $400 million in discretionary co-investment capital, BID III is the world’s largest private infrastructure debt fund, according to the firm.

BID III is more than double the size of its predecessor fund. Brookfield itself has committed $600 million to the fund.

“This is a great time to be investing in infrastructure debt. With capital constraints across the market, we are increasingly becoming borrowers’ preferred partner and continue to see a number of interesting opportunities to offer flexible solutions for businesses across the globe,” said Hadley Peer Marshall, managing partner and co-head of Brookfield’s infrastructure debt and structured solutions businesses.

BID III has already deployed over 50% of its commitments, investing across the renewable power and data infrastructure sectors.