Brookfield closes 2nd infrastructure fund at $7 billion

Brookfield Asset Management closed its Brookfield Infrastructure Fund II at $7 billion, confirmed spokesman Andrew Willis.

The fund was launched in December with an original target of $5 billion. It is more than double the asset size of the $2.7 billion Brookfield Americas Infrastructure Fund, which closed in 2010.

The latest offering is a global fund with a focus on transportation, renewable power, utilities and energy assets in North and South America, Europe and Australasia.

Investors include the $11.2 billion Maine Public Employees Retirement System, Augusta, and the $17.3 billion New Mexico State Investment Council, Santa Fe.

About $600 million has been invested already, Mr. Willis said.