Blackstone Real Estate Partners VIII
General Partner
Blackstone Group
Final Size
GBP 11,746m (USD 13,000m)
Fund Overview
Brookfield Infrastructure Fund III (BIF III) is a closed-ended fund managed by Toronto-based Brookfield Asset Management.
The fund has a 12-year term and seeks annual return of 10% by investing in infrastructure assets in OECD counties, focusing on energy, transportation and renewables. The fund achieved its first closing in April 2016 at $11.8 billion, exceeding the original $10 billion fundraising target. The fund managed raised the vehicle's hard cap from $12 billion to $14 billion in May 2016 to meet strong investor demand. The vehicle completed a $14 billion final close in July 2016, raising the capital for less than a year.
As of February 2019, the fund is 85% invested. Approximately 20% of the total commitments came from 20 Asian investors