Brookfield Bets on Wind With $7 Billion Fund: Corporate Canada
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Brookfield Asset Management Inc. plans to invest in South American wind farms and hydroelectric plants to benefit from a burgeoning middle class after raising $7 billion in the world’s second-biggest infrastructure fund.
Canada’s biggest manager of alternative assets completed fundraising last week for its closed-end infrastructure pool, raising 40 percent more than targeted from more than 60 pension-fund managers, insurance companies and institutions, including Sun Life Financial Inc.