Brookfield Creating Pool to Invest in Financial Infrastructure

Brookfield Asset Management plans to start a pool that invests in financial infrastructure, such as payments systems, as demand for the asset class grows.

“The next phase of infrastructure investing is in the financial backbone of the global economy,” Chief Executive Officer Bruce Flatt said in an interview with Bloomberg TV in London. He added that the firm is “creating a new pool of money to do that.”

Brookfield, which managed $916 billion at year-end, including its parent company’s capital, has tapped former Worldpay CEO Ron Kalifa to help lead the financial infrastructure group within its private equity arm.