Fundraising

The firm is replicating its private equity strategy in infrastructure, with its inaugural co-investment and secondaries vehicle.

Brookfield’s $15bn Global Transition Fund is one of the largest closes of the year, showcasing the depth of the decarbonisation opportunity.

The closing of MAIF3, the largest pan-Asia infrastructure fund raised to date, represents a maturing of the asset manager’s regional strategy, putting it on a par with its European and North American fund series, its team tells us.

A newly established subsidiary of the London-based firm will manage the fund – understood to have a target of €250m – that will invest in the energy transition and smart infrastructure.

The Minnesota-based manager is closely to fully committing its debut effort, which closed on $504m in January 2021.

‘Now is the time’, declares Mark Carney, Brookfield’s transition head, as the vehicle becomes the largest private fund of its kind in history.

After only six months of marketing, the emerging manager has already secured more than three-quarters of Fund I’s target.

The Carlyle co-founder invests in ‘a lot of funds’ these days; here is a lightning guide to his due diligence process.

As planners reimagine how people live, work and move around our cities, we look at why the smart city concept represents the confluence of digital infrastructure and technology investment.

The new vehicle, which aims to help drive the global energy transition, will initially focus on Europe, balancing its portfolio over time.