March 27, 2019 |
When it comes to infrastructure in Latin America, few investors play a bigger or more influential role than Brookfield Asset Management. Founded in 1899 to operate street car lines in São Paulo and Rio de Janeiro and help develop Brazil’s first electrical utility, Toronto-based Brookfield has more than a century of history building Latin America’s infrastructure.
During that time, the private equity group, with global assets of $330 billion, has coped with changing governments and volatile economies. Just as challenging has often been an unfriendly environment for investors, where the rules keep changing and corruption undermines returns.
It’s the latter obstacles that must be addressed by
Infrastructure is a long-term investment that needs predictability and stability, says the head of Brookfield Asset Management's infrastructure business in Latin America