Brookfield Asset Management Inc. raised $14 billion for its latest infrastructure fund, topping its target, as Canada\u2019s largest alternative asset manager goes on the prowl for larger acquisitions.\u00a0The pool, known as Brookfield Infrastructure Fund III, will be the largest private infrastructure fund ever raised in the industry, according to a statement from Brookfield, and data compiled by Bloomberg. Its original target was $10 billion.\u00a0It took the Toronto-based firm nine months to raise the money, according to Sam Pollock, the head of Brookfield Infrastructure Partners, the company\u2019s publicly traded infrastructure arm. That\u2019s a month longer than it took its predecessor, which closed in 2013, to amass $7 billion, despite the new fund being twice as big.<\/p>\n
Read more: Livemint<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Brookfield Asset Management Inc. raised $14 billion for its latest infrastructure fund, topping its target, as Canada\u2019s largest alternative asset manager goes on the prowl for larger acquisitions.\u00a0The pool, known as Brookfield Infrastructure Fund III, will be the largest private infrastructure fund ever raised in the industry, according to a statement from Brookfield, and data\u2026 Read More »<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,13,11],"tags":[137,105],"class_list":["post-548","post","type-post","status-publish","format-standard","hentry","category-city","category-companies","category-others","tag-brookfield","tag-fund-raising"],"_links":{"self":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/comments?post=548"}],"version-history":[{"count":1,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/548\/revisions"}],"predecessor-version":[{"id":549,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/548\/revisions\/549"}],"wp:attachment":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/media?parent=548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/categories?post=548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/tags?post=548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}