Brookfield Asset Management (NYSE:BAM) is targeting $10 billion in equity for its new artificial intelligence infrastructure fund, according to a Wall Street Journal report on Wednesday.
The Canadian investment firm has already secured $5 billion from several investors, including Nvidia (NASDAQ:NVDA), Kuwait Investment Authority (KIA), and contributions from Brookfield’s own balance sheet.
Brookfield plans to leverage this capital along with additional co-investments and debt to build and acquire up to $100 billion worth of AI infrastructure assets.
This new strategy represents Brookfield’s focused entry into the growing market for infrastructure supporting artificial intelligence technologies.
