Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. is a publicly traded limited partnership with corporate headquarters in Toronto, Canada, that engages in the acquisition and management of infrastructure assets on a global basis.

Brookfield Infrastructure Partners L.P.
Company typePublicly traded partnership
NYSE: BIP
TSX: BIP.UN
NYSE: BIPC
TSX: BIPC
IndustryInfrastructure asset management
FoundedJanuary 14, 2008 (2008-01-14)
Headquarters,
Canada
Area served
Worldwide
Key people
Sam Pollock (CEO)
ProductsUtilities, transport, energy, communications, infrastructure
Revenue US$3.54 billion (2017)
US$1.1 million (2017)
US$574 million (2017)
Total assets US$29.5 billion (2017)
Total equity US$13.5 billion (2017)
OwnerBrookfield Asset Management (30%)
Websitebip.brookfield.com
Footnotes / references

Until a spin-off in January 2008, Brookfield Infrastructure was an operating unit of Brookfield Asset Management, which retains a 30 percent ownership and acts as the partnership's general manager. The company's assets carried a book value of US$21.3 billion, on December 31, 2016.

In March 2020, Brookfield Infrastructure Partners (BIP) created Brookfield Infrastructure Corporation (BIPC), an entity that provides certain institutional investors who cannot hold a Bermuda-based Limited Partnership the ability to access the portfolio of BIP assets. In addition, by issuing eligible dividends rather than partnership distributions, BIP felt that BIPC would provide a more attractive and favourable tax treatment for retail investors. BIPC began trading on the Toronto and New York Stock Exchanges on March 31, 2020.

Brookfield Infrastructure Partners owns and operates a global network of infrastructure companies in utilities, transportation, energy and communications infrastructure. It invests in transmission and telecommunication lines, toll roads, ports and pipelines. The company has an equity market capitalization of about US$17.7 billion with an investment-return target of 12 to 15 percent. Its annualized total returns since inception have been 18% on the NYSE and 26% on the TSX.

Sam Pollock is the chief executive officer of Brookfield Infrastructure Partners. He has held this position since 2006, and has been with Brookfield Asset Management since 1994.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.