Mr. Ian Simes reports

BROOKFIELD CLOSES INFRASTRUCTURE STRUCTURED SOLUTIONS FUND

Brookfield Asset Management Ltd. has closed its inaugural Brookfield Infrastructure Structured Solutions Fund (BISS), a middle-market infrastructure fund, achieving its fundraising target with approximately $1-billion of capital commitments.

BISS is focused on deploying Brookfield's capabilities as an owner and operator of global infrastructure assets to partner with sponsors, developers and corporates in the mid-market. The strategy seeks to invest both structured and common equity.

BISS's strategy targets sectors in which Brookfield has established operations and significant asset expertise, drawing on the platform's direct investment capabilities to source transactions and access differentiated opportunities. Initial investments in the fund include:

• Strategic Venue Partners, a leading in-building wireless infrastructure platform;
• Origis Energy, a United States renewable-energy developer.

Brookfield affiliated entities contributed $150-million of the committed capital in BISS, underscoring the firm's long-standing alignment of interests with those of its investors. With a material portion of the fund already committed and a strong pipeline of opportunities, Brookfield expects to significantly grow the Infrastructure Structured Solutions strategy over the coming years.

Ian Simes, managing partner and co-head of Brookfield's infrastructure debt and structured solutions businesses, said: "We are delighted with the support from our clients for this first-time fundraise, which demonstrates the appetite from investors to access this market opportunity. It marks a further expansion of the Brookfield Infrastructure platform into the middle market, providing capital solutions to a wider range of infrastructure investors, including other sponsors."

Hadley Peer Marshall, managing partner and co-head of Brookfield's infrastructure debt and structured solutions businesses, added: "Demand for infrastructure investment continues to grow, driven by the key trends of decarbonization, digitalization and deglobalization. The Brookfield Infrastructure Structured Solutions Fund blends the attributes of infrastructure debt and infrastructure equity, both of which are areas where Brookfield manages the world's largest funds. We look forward to growing this new strategy to a similar scale over time."

About Brookfield Asset Management Ltd.

Brookfield Asset Management is a leading global alternative asset manager, headquartered in New York, with over $1-trillion of assets under management across renewable power and transition, infrastructure, private equity, real estate, and credit. The company invests client capital for the long term, with a focus on real assets and essential-service businesses that form the backbone of the global economy. Brookfield Asset Management offers a range of alternative investment products to investors around the world -- including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies, and private wealth investors. The company draws on its heritage as an owner and operator to invest for value and generate strong returns for its clients, across economic cycles.

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