Brookfield Asset Management has raised US$2.7bn (€2.19bn) for its second infrastructure debt fund, according to a source close to the matter.

A filing with the Securities Exchange Commission shows that Brookfield Infrastructure Debt Fund II has closed.

The source said it had exceeded its US$1.75bn fundraising target and was more than three times larger than its debt fund, which closed with US$885m at the end of 2017.

The capital was raised in less than 14 months and the fund has already committed capital to four seed assets.

They include US$27m loan issued to Polaris Infrastructure, a Toronto-based operator and developer of renewable energy projects in Latin America, and a debt facility for Vivint Solar, a provider of residential solar power in the US.

Last week, rival firm Global Infrastructure Partners announced it had raised U$2.8bn for two infrastructure debt funds.