Brookfield Raises $4 Billion for Infrastructure Debt Fund

Brookfield Asset Management raised over $4 billion for an initial close of its fourth infrastructure debt fund, according to an emailed statement.

The raise for Brookfield Infrastructure Debt Fund IV is inclusive of fund commitments and strategic capital from the firm’s investor base. The fund launched in September last year.

Brookfield was seeking to raise at least $7 billion for the vehicle to invest in junior and senior infrastructure debt, Bloomberg reported earlier this year. That target is larger than Brookfield’s previous vehicles dedicated to the asset class.

The fund will focus on high yield debt investments for infrastructure assets ...