Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Brookfield (BAM.A) has reached the final institutional close for the Brookfield Global Transition Fund with total capital raised of $15 billion
  • The $15 billion includes investments from institutional investors in and alongside the fund, as well as amounts reserved for the private wealth channel
  • A diverse group of more than 100 investors from around the world committed to the fund
  • The Brookfield Global Transition Fund is Brookfield’s inaugural impact fund focusing on investments that accelerate the global transition to a net-zero carbon economy
  • Brookfield Asset Management is a premier global alternative asset manager
  • Brookfield Asset Management Inc. dropped 0.388 per cent, trading at $56.42 at 1:08 PM ET

Brookfield (BAM.A) has reached the final institutional close for the Brookfield Global Transition Fund with total capital raised of $15 billion.

The $15 billion includes investments from institutional investors in and alongside the Fund, as well as amounts reserved for the private wealth channel.

Highlighting strong industry support for decarbonization, demand for the fund significantly exceeded its initial hard cap, and the final fund size was oversubscribed.

A diverse group of more than 100 investors from around the world committed to the fund, including public and private pension plans, sovereign wealth funds, insurance companies, endowments and foundations, financial institutions, and family offices.

Brookfield is the largest investor in the fund, underscoring the firm’s longstanding alignment of interests with those of its investors.

BGTF focuses on investments to accelerate the global transition to a net zero economy while delivering strong risk-adjusted returns for investors.

The fund invests in the transformation of carbon-intensive industries, as well as the development and accessibility of clean energy sources, leveraging Brookfield’s leadership in renewable power.

Approximately $2.5 billion has been deployed or allocated from the fund to date, spanning a range of decarbonization technologies with investments at significant scale.

“Brookfield has been reliably investing in renewable power for decades, and we are uniquely well positioned to be both a capital provider and an operating partner to the world’s major businesses as they accelerate their decarbonization plans,” stated Connor Teskey, CEO of Brookfield Renewable.

The Brookfield Global Transition Fund is Brookfield’s inaugural impact fund focusing on investments that accelerate the global transition to a net-zero carbon economy, while delivering strong risk-adjusted returns to investors.

Brookfield Asset Management is a premier global alternative asset manager with $725 billion of assets under management across renewable power & transition, infrastructure, private equity, real estate, and credit & insurance solutions.

Brookfield Asset Management Inc. dropped 0.388 per cent, trading at $56.42 at 1:08 PM ET.

More From The Market Herald
Colliers - CEO, Jay Hennick.

" Colliers (TSX:CIGI) to acquire majority stake in Versus Capital

Colliers (CIGI) will acquire a 75-per-cent stake in alternative investment manager Versus Capital.

" Pentagon I Capital Corp. (TSXV:PNTI.P) closes initial public offering

Pentagon I Capital Corp. (PNTI.P) has completed its initial public offering of 3,000,000 common shares for gross proceeds of $300,000.

" Mobi724 (TSXV:MOS) signs a long-term agreement with CGI

Mobi724 (MOS) has signed a long-term license and support agreement with independent IT and business consulting services firm CGI (TSX:GIB.A).

" Onex (TSX:ONEX) appoints Co-Heads of Onex Credit

Onex (ONEX) has appointed Ronnie Jaber and Sandeep Alva as Co-Heads of Onex Credit.