Brookfield Asset Management (BAM.US) announced that its new artificial intelligence infrastructure strategy has successfully attracted investors and closed related deals, as the company actively positions itself to capitalize on what it believes represents a multi-trillion dollar opportunity.

Company Chairman Connor Teskey stated on Wednesday: "The greatest opportunity lies in private capital's ability to fund large-scale AI infrastructure construction both domestically and globally." Brookfield announced in August that it would launch a strategy specifically targeting AI infrastructure development, driven by the data center construction boom.

The plan, named the "Brookfield AI Infrastructure Fund," is set to launch this fall. In a separate interview on Wednesday, Brookfield CEO Bruce Flatt noted that global AI infrastructure is massive in scale and continues to expand annually. Flatt emphasized that the public sector needs to participate in AI development work.

"We are still in the early stages of this process. Governments will have to drive AI adoption because they themselves require substantial related capabilities," Flatt said.

This asset management company, along with numerous competitors including Blackstone, are heavily betting on demand for data centers needed to support artificial intelligence. According to a recent McKinsey analysis, global demand for data center capacity could grow more than threefold by 2030.

Brookfield has already invested billions in this sector - approximately $10 billion in Sweden to establish an AI hub, and committed roughly $20 billion in France for data center development and other AI infrastructure.

Teskey indicated that the new strategy will "focus on building mega-facilities for large AI enterprises globally and providing long-term funding support for this growth trajectory." The New York-based fund manager added that strong client demand suggests this momentum will continue.

Teskey also noted that after years of sluggish performance, real estate fundamentals have shown strong performance over the past year, with capital markets fully reopening in 2025. "We've already seen this reflected in transaction volumes and valuations," he said.

In the private credit space, Teskey believes there is tremendous market demand for asset-backed lending. This is a thriving industry where loans can be secured by various assets including music royalties, yachts, or even industrial equipment.