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Laxman Pai, Opalesque Asia: Brookfield Asset Management, the biggest clean-energy investor in private markets, has raised $10 billion at the first close of its second global private equity fund focused on investments accelerating the transition to a net-zero economy, the Brookfield Global Transition Fund (BGTF II).
According to the Canadian multinational company that is one of the world's largest alternative investment management companies, the new fund is already on track to exceed the size of its record-breaking predecessor BGTF fund, which reached $15 billion at its final close in June 2022, making it the largest private fund dedicated to investing in the net zero economy.
The predecessor fund, BGTF I, closed on a record $15 billion and has made landmark investments across renewable power, business transformation, carbon capture and storage, renewable natural gas, and nuclear services opportunities.
BGTF II is co-headed by Mark Carney and Connor Teskey and focuses on investments to accelerate the global transition to a net zero economy while delivering strong risk-adjusted returns for investors stated the global alternative asset manager with over $850 billion of assets under management.
"The Fund continues the predecessor fund strategy of investing in the expansion of clean energy, the acceleration of sustainable solutions, and the transformation of companies operating in carbon-intensive sectors to more sustainable business models," the release added....................... To view our full article Click here
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