Brookfield Raises $15 Billion for Climate-focused Fund

The Brookfield Global Transition Fund will target investments tied to reducing greenhouse-gas emissions and energy consumption, the company said.

Niket Nishant and Cole Horton, Reuters

Canada’s Brookfield Asset Management said on June 22 it had raised $15 billion for its first impact fund focused on the global transition to a net-zero carbon economy.

The fundraise comes at a time when investors and lawmakers across the globe have been questioning businesses about their environmental and social impact amid calls for companies to lower their greenhouse-gas emissions.

In the first five months of this year, investors added $7.5 billion to U.S. sustainable funds including those focused on ESG considerations, after putting a record $69.2 billion of net new deposits into such funds in 2021.

Already have an account? Log In

Sign up for FREE access to view this article now!

Unlock Free Access