Brookfield Asset Management Inc. (TSX:BAM.A) is believed to be vying for AustralianSuper's $2 billion-odd stake in the NSW electricity distributor Ausgrid, as the auction heats up. Information memoranda for the 16% stake are believed to have been sent out to prospective suitors last week. Brookfield is believed to be self-advised and thought to be buying the asset through its core fund. Brookfield joins Ontario Teachers' Pension Plan in competing for the asset, in partnership with PSP and Kohlberg Kravis Roberts. That consortium is advised by Gresham. Dutch fund APG is also in the mix, with Credit Suisse as its adviser, while Macquarie Infrastructure and Real Assets is advised by Royal Bank of Canada and Macquarie Capital and QIC has tapped investment bank Citi. Bids are due in the week starting October 11 for the competition, advised by Barrenjoey Capital Partners and Jefferies.