Alternative asset manager, Brookfield Asset Management Inc. is close to raising $10 billion for its new global infrastructure fund within weeks.
The first close for the fund, which would be among the biggest private equity-style infrastructure vehicles ever raised, comes as investors allocate more to the asset class amid low fixed-income yields.
A record 179 unlisted infrastructure funds were in the market seeking investors at the start of the year, as compared to 155 at the start of 2015, according to Preqin. They are trying to gather $120 billion, up 24 percent on the 2015 figure, the data provider reported.
Further information from Bloomberg News here
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