November 02, 2023
Weil advised Brookfield Asset Management in the closing of its global debt infrastructure program, Brookfield Infrastructure Debt Fund III (BID III). With capital commitments exceeding $6 billion, including over $400 million in discretionary co-investment capital, BID III is the world’s largest private infrastructure debt fund.
More than double the size of its predecessor fund, BID III has received significant support from a diverse group of institutional partners, including public and private pension plans, sovereign wealth funds, financial institutions, endowments, foundations and family offices. BID III has already deployed over 50% of its commitments, having made investments across its core infrastructure sectors, including the renewable power and data infrastructure sectors.
The Weil team was led by Private Funds partners Cassie Kimmelman and Andrew Chizzik and included Private Funds associates Stephen Filocoma, Michael Sheffy, Becki Steinberg, Nicolle Stracar and Rachel Yidana; Private Funds Regulatory partner David Wohl and associate John Bradshaw; and Tax partner Andrew Morris and associates Courtney Baltz, Lauren Gorsche and Grant Solomon.