High Five for Maryland!
Brookfield Asset Management will be high fiving and singing songs of praise following confirmation that Maryland State Retirement and Pension System (SRPS) has approved a $300m (€278.2m) commitment to its fifth global infrastructure fund; Brookfield Infrastructure Fund V (BIF V).With a focus on midstream and renewable energy, data/utilities and transportation, Maryland SRPS will be hoping that the investment provides an energy boost to its $3.1 billion infrastructure asset portfolio. The new capital commitment takes Brookfield one step closer as it targets $25 billion for the fund.