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Brookfield AI Fund, KKR Infra Record, PSP New Chief

Infrastructure Investor •
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Brookfield is preparing to close its first artificial intelligence-focused fund, marking a significant expansion into tech-driven infrastructure investments. The Canadian asset manager joins a growing list of institutional investors targeting AI infrastructure as demand for data centers and computing power surges. This move positions Brookfield to capitalize on the exponential growth in AI-related real assets.

KKR achieved a record-breaking year for infrastructure investments, deploying substantial capital across energy transition, digital infrastructure, and transportation assets. The private equity giant's aggressive expansion reflects strong investor appetite for infrastructure as a defensive, inflation-hedging asset class. KKR's performance underscores the sector's resilience amid market volatility and its central role in the energy transition.

Meanwhile, the Public Sector Pension Investment Board (PSP) appointed a new infrastructure chief from CPP Investments, signaling a strategic leadership change at one of Canada's largest pension funds. The appointment comes as PSP seeks to enhance its infrastructure portfolio amid growing competition for high-quality assets. The new executive brings deep experience in managing large-scale infrastructure investments across multiple sectors.

Quick Fact: PSP manages C$248.4 billion in assets as of December 2023.