Toronto -- Brookfield Asset Management Inc. said on Wednesday that it was setting up a $400-million (U.S.) fund to invest in Colombian infrastructure, joining a wave of foreign investors entering the Andean nation.

Toronto-based Brookfield, with a global portfolio worth more than $80-billion, said the first closing of the fund raised $320-million, making the largest Colombian private equity and infrastructure fund ever assembled.

Investors include Colombian institutional investors and Brookfield, with Brookfield committing up to 30 per cent of the total.

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Posted by rjorr at September 9, 2009 8:13 AM