Brookfield Asset Management (BAM) is seeking to raise at least $7 billion for its fourth infrastructure debt fund, Bloomberg reported Monday, citing sources familiar with the matter.
The new fund will invest in both junior and senior infrastructure debt, according to the report.
The third fund, which closed in November 2023, is "substantially deployed," with data and renewables making up the largest chunk of allocations, the sources told the news outlet.
Brookfield declined a request for comment from Bloomberg. The firm also did not immediately respond to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price: 58.64, Change: +0.07, Percent Change: +0.12
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.