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Brookfield Asset Management Inc.

11:08 AM EST - Brookfield Asset Management Inc. : Announced today the closing of its latest flagship global infrastructure fund, Brookfield Infrastructure Fund IV, with total equity commitments of $20 billion.Based on strong investor demand, BIF IV attracted total capital commitments exceeding the original $17 billion fundraising target. BIF IV’s predecessor fund closed in 2016 with $14 billion of total capital commitments. Brookfield Asset Management Inc. shares T.BAM.A are trading down $0.06 at $85.35.