A recent analysis by McKinsey & Company predicts that global demand for data center capacity could more than triple by 2030.
Brookfield Asset Management (BAM) and several of its competitors, including Blackstone, are making significant bets on the demand for data centers needed to support artificial intelligence technology. Brookfield Asset Management noted that its newly launched AI infrastructure strategy has successfully attracted investors and facilitated multiple deals. The company is actively positioning itself to capitalize on what it sees as a multi-trillion-dollar opportunity.
The company’s chairman, Connor Teskey, stated on Wednesday that the biggest opportunity lies in the ability of private capital to fund large-scale AI infrastructure development at national and even global levels. In August of this year, Brookfield announced that, in light of the growing wave of data center construction, it would launch a dedicated strategy focused on AI infrastructure development. The initiative, named the “Brookfield AI Infrastructure Fund,” is expected to officially launch in the fall.
In another interview on Wednesday, the company’s CEO, Bruce Flatt, emphasized that global AI infrastructure is not only massive but also continuously expanding. He pointed out that it is necessary for the public sector to actively participate in the development of AI. Flatt believes that the industry is still in the early stages of this trend, and governments need to promote the widespread adoption of AI, as they themselves will soon require significant related capabilities.
Brookfield has already invested heavily in AI infrastructure, including approximately $10 billion in the development of an AI hub in Sweden and a commitment of about $20 billion in France for data centers and other AI infrastructure projects.
Teskey stated that the new strategy will focus on building hyperscale infrastructure for leading global AI companies and providing long-term funding for this growth. Given strong customer demand, this momentum is expected to continue. After several years of downturn, the real estate sector has shown strong fundamentals over the past year, and capital markets have fully recovered by 2025.
