Brookfield Asset (BAM) is launching a strategy aimed at investing in infrastructure for AI, with Nvidia (NVDA) and Kuwait Investment planning to invest in the inaugural fund as founding partners, Miriam Gottfried of The Wall Street Journal reports. Brookfield is targeting $10B in equity for its new fund and has already raised $5B of that from investors. The company intends to use the money, along with additional co-investments and debt, to construct and acquire a maximum of $100B worth of AI infrastructure.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BAM:
- Brookfield Asset Management (BAM) Seeks $10B for AI Infrastructure Fund, Gains Support from Nvidia, KIA
- Brookfield Completes $1 Billion Senior Notes Issuance
- Lone Pine buys Broadcom, exits Intuit in Q3
- Brookfield Asset Management Prices $1 Billion in Senior Notes
- Brookfield Asset price target lowered to $65.75 from $67.25 at Scotiabank