LPNEWS
BID raised $885m at final close compared with $700m target. : Brookfield Asset Management has exceeded its fundraising target by 26% at the final close of its first infrastructure debt fund. Brookfield Infrastructure Debt Fund (BID) received $885m (€736.4m) equity commitments compared with the $700m target. BID is the asset manager’s first investment vehicle focused on infrastructure debt, targeting mezzanine debt investments in high-quality core infrastructure assets primarily in North America, as well as in South America, Australia, and Europe. Brookfield said investors in the fund are a diverse group of institutional investors, including public pension plans and financial institutions.

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