Brookfield closes second global infrastructure debt fund
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Brookfield Asset Management closed its second global infrastructure debt fund, the $2.7 billion Brookfield Infrastructure Debt II, a spokeswoman confirmed in an email. A Securities and Exchange Commission filing revealed that total capital raised includes separate accounts that invest alongside the fund.
Brookfield s latest infrastructure debt fund exceeds the $1.75 billion fundraising target and is 205% larger then its predecessor fund, Brookfield Infrastructure Debt Fund, which closed in 2018 with total capital commitments of $885 million.
The fund has already made investments including a $27 million loan for Polaris Infrastructure, a company that acquires, develops and operates renewable energy projects in Latin America, and two separate debt transactions totaling $545 million with Vivint Solar, a residential solar provider.