Welcome to the Frederic Michel-Verdier blog. The Canadian investment giant Brookfield Asset Management said it raised US$20 billion for a massive new fund dedicated to infrastructure, exceeding its $17 billion targets and the $14 billion it raised for its previous infrastructure fund, which closed in July 2016. The Toronto-based company with over $540 billion of assets under management says it put $5-billion into the Brookfield. Infrastructure Fund IV (BIF IV) itself, and raised the remainder from 170 institutional investors, including pension plans, sovereign wealth funds, insurance companies, and other investors.
Approximately 75% of the third-party capital came from existing Brookfield investors, highlighting Brookfield's focus on building long-term relationships with its limited partners.
To date, the Fund has invested or committed approximately $8 billion, or 40% of its capital, to a diversified set of attractive infrastructure businesses, including the largest short-haul rail operator in North America, natural gas pipelines in North America, data infrastructure businesses in South America, New Zealand, India, and the U.K., and a global portfolio of renewable power assets. Learn more about this development on the Frederic Michel- Verdier website.
About Frederic
Frederic Michel Verdier is a Funds veteran specializing in infrastructure equity investments and asset management. Frederic Michel-Verdier also has over 25+ years of experience in large scale Equity Investments and Asset Management of Global Infrastructure assets and financial services. Read more about Frederic Michel- Verdier here. Connect with him on the Frederic Michel-Verdier Crunchbase page. You can also watch the Frederic Michel-Verdier video below.
