Brookfield Asset Management related stories
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Pension discloses GIP, Macquarie performance figuresIn a recent meeting, a San Diego pension offered a rare glimpse at internal rates of return and performances of two heavy-hitting infrastructure investors - Global Infrastructure Partners and Macquarie Infrastructure Partners.
- A$67bn Future Fund RE allocation rises 3% in a year
A focus on alternative assets by Australia’s A$67bn Future Fund led to an increase in real estate exposure from 1% to 4% in the year to March 31 2010. The state wealth fund also increased its exposure to infrastructure investments.
- RREEF, ING Clarion co-invest in Simon’s revised GGP bid
RREEF and ING Clarion’s real estate securities arm have backed Simon Property Group’s revised recapitalisation plan for bankrupt REIT General Growth Properties.
- Global Infrastructure Partners, Meridiam sweep the board at II awards
The veteran infrastructure investors both won in four categories, with GIP taking the much coveted Global Infrastructure Fund of the Year award. The awards are a first for InfrastructureInvestor and attracted votes from over 35,000 industry participants, with both established players and rising stars taking the honours.
- Infra fundraising rebounds sharply in Q1 2010
Infrastructure funds raised $5.9bn globally, or more than half the 2009 total and more than three times the total for the same period last year. If the momentum continues, infrastructure fundraising could eclipse the 2009 total by the first half of this year, according to Probitas Partners.
- PERE Awards 2009: Global winners
Thousands of PERE readers voted for the individuals, firms and organisations they thought stood out from the crowd in 2009. Here we present the global winners.
- BIP to take 15% stake in $500m Texas transmission project
Management also said during the New York Stock Exchange-listed infrastructure fund’s second quarter earnings call that they are bullish on natural gas infrastructure and may pursue opportunities to acquire assets from over-leveraged infrastructure companies.
- Brookfield and Marathon float debt REITs targeting $800m
The two real estate fund managers are turning to the public markets to raise capital for their next debt vehicles. Brookfield Realty Capital Corp. and Marathon Real Estate Mortgage Trust are targeting $500m and $300m respectively.
- Brookfield to launch second Latin infra fund
The Toronto-based firm is to launch a Peruvian infrastructure fund in conjunction with local fund manager AC Capitales. The fund will have a target size of around $500m, with the two fund managers contributing a combined $100m.
- Citi fundraisers surface at Credit Suisse, Helix, BC Partners
Senior members of Citi’s disbanded fund placement team - including Andrew Wilbur and Laurent de Rosiere, former European co-heads - have moved on to other firms.