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(Reuters) – Canada’s Brookfield Asset Administration Inc is trying to increase $25 billion for its fifth flagship infrastructure fund, Bloomberg Information reported on Friday.
Brookfield has already began advertising the fund and will exceed the goal, in accordance with the report, which cited an individual accustomed to the matter.
An organization spokesperson declined to remark.
Brookfield closed its $20 billion, fourth infrastructure fund a 12 months in the past and about 75% of the fund has been dedicated for funding, it stated in an announcement earlier this month, including that it had already launched fundraising for its subsequent fund.
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