Intel’s Chip Plant Investment Has Bankers Hunting Similar Deals

Brookfield Infrastructure Partners LP’s $15 billion commitment last year to help finance Intel Corp.’s giant new semiconductor complex in Arizona, the first deal of its kind, sent investors and bankers racing to find similar opportunities.

Brookfield, a major infrastructure investor, put up $2 billion in equity and borrowed $13 billion from a mix of foreign banks, pension funds and sovereign wealth funds, according to people familiar with the matter, who asked not to be identified because the details weren’t public. That model isn’t new to infrastructure assets, just to semiconductors, says Scott Peak, Brookfield Infrastructure’s chief investment officer for North America. ...