The Globe and Mail reports in its Saturday edition that Brookfield Asset Management raised $28-billion for its latest flagship infrastructure fund, surpassing its fundraising target and defying a tough environment for raising new money (all figures U.S.). The Globe's James Bradshaw writes that the fifth Brookfield Infrastructure Fund that closed this week is 40 per cent larger than its $20-billion predecessor, and the average size of commitments from about 200 limited partners roughly doubled. Brookfield has also attracted $2-billion in co-investments into deals it has made through the fund, bringing the total amount of money raised so far to $30-billion. It is the largest fund Brookfield has ever raised, and the biggest closed-end private infrastructure fund in the world, according to the asset manager. Brookfield had aimed to raise $25-billion. So far, Brookfield has invested about 40 per cent of Infrastructure Fund V into six deals, which include its $4.7-billion acquisition of freight container giant Triton International Ltd., and its $15-billion share of a semi-conductor project in Arizona in partnership with Intel Corp. All told, Brookfield has raised $61-billion through the first three quarters.