Brookfield Asset Management, Canada's asset manager focused on property, power, and other infrastructure assets, is launching a USD 400 million Colombian fund to invest in the region’s infrastructure. The PE firm has joined a wave of foreign institutional investors entering the Andean nation. It also announced the fund's first closing at USD 320 million, making it the largest PE and infrastructure fund ever launched in Colombia. Investors that have committed in the first closing include Colombian institutional investors and Brookfield, the latter committing up to 30 percent of the total. Brookfield has been monitoring a number of attractive targets in Colombia in the past one year. The newly generated interest of international companies in Latin America is due to the global growth together with sound a fiscal policy, which contributed to the economic stability in the region. The banking sectors of many South America countries withstood the storm caused by the global financial crisis.
Publication: Evalueserve-EmergingMarketsNOW
Provider: Evalueserve India Ltd.
September 10, 2009
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