The Sponsor of the Trust is Rapid Holdings 2 Pte Ltd (“Sponsor”), a private company incorporated in Singapore. The Sponsor is part of the Brookfield Asset Management Inc. (“BAM”) group. BAM is a global alternative asset manager, with approximately US$332 billion of assets under management worldwide, as on September 30, 2018.
BAM, together with its affiliates (“Brookfield”) has over a 115 year history of owning and operating assets with a focus on infrastructure, renewable power, property and other real assets. BAM is listed on the Toronto and New York stock exchanges (NYSE: BAM, TSX: BAMA).
Brookfield’s infrastructure group (“Brookfield Infrastructure”) owns and operates one of the largest infrastructure portfolios in the world, with approximately US$54 billion of assets under management as of September 30, 2018. Brookfield Infrastructure’s assets under management span the utilities, transport, energy and renewable power sectors, and include operations throughout North America, South America, India, Australia, Europe and Asia.
Brookfield has been active in India since 2009 and has executed several successful investments in the country.