Brookfield Asset Management Inc. raised $14 billion for its latest infrastructure fund, topping its target, as Canada’s largest alternative asset manager goes on the prowl for larger acquisitions.

A typical transaction in the previous fund would be less than $1 billion, Pollock said. The new fund will invest in a handful of deals valued at more than $1 billion apiece, he said. It has already committed more than $3 billion, according to the statement, including to a portfolio of U.S. hydroelectric facilities and a Colombian power generation company.

A push to privatize infrastructure assets in regions such as South America and Australia has helped create bigger targets, Pollock said. He’s hopeful that the Canadian government will adopt a similar policy, as Ottawa rethinks how it can court private firms to encourage invest in the country’s infrastructure.

“Governments realize they don’t have the capital to invest in their infrastructure,” Pollock said. “They need new sources of capital and I think it has been widely recognized that the private sector not only has the capital to fund it, but also to improve the asset,” he said.

http://www.bloomberg.com/news/articles/2016-07-12/brookfield-raises-14-billion-for-largest-infrastructure-fund