Brookfield raises $885m

The global asset manager closes debut infrastructure debt vehicle above target.

Brookfield Asset Management has today announced the final close of Brookfield Infrastructure Debt Fund I at $885 million, surpassing its target of $700 million. The firm’s debut infrastructure debt fund targets core opportunities in the renewable power, utilities, transport, and energy sectors. The vehicle will invest primarily in North America but will also invest in Latin America, Australia and Europe.