Brookfield Infrastructure Partners L.P. (BIP, Financial) owns and operates global infrastructure assets (utilities, towers, transport, etc.) and is 30% owned by Brookfield Asset Management. We like the predictable (i.e., recurring) cash flow stream, believe management’s effort in accelerating growth is likely to bear fruit and consider our purchase price at roughly 20% discount to NAV to be very attractive.
From Baron Funds' second quarter 2015 commentary.
