Brookfield Announces Initial US$7 Billion Closing for Brookfield Global Transition Fund
BROOKFIELD NEWS, July 27, 2021 (GLOBE NEWSWIRE) -- Brookfield Asset Management (NYSE: BAM, TSX: BAM.A) (“Brookfield”) today announced an initial US$7 billion closing for the Brookfield Global Transition Fund (“BGTF” or the “Fund”), establishing BGTF as the largest fund focused on the global transition to a net-zero economy. The Fund will build on Brookfield’s leadership in renewable power and deep operating capabilities to scale clean energy and invest capital to catalyze the transformation of carbon-intensive businesses to achieve Paris-alignment.
- BROOKFIELD NEWS, July 27, 2021 (GLOBE NEWSWIRE) -- Brookfield Asset Management (NYSE: BAM, TSX: BAM.A) (Brookfield) today announced an initial US$7 billion closing for the Brookfield Global Transition Fund (BGTF or the Fund), establishing BGTF as the largest fund focused on the global transition to a net-zero economy.
- Bruce Flatt, CEO of Brookfield said, We are thrilled to have this group of strategic, like-minded partners investing alongside us in the Brookfield Global Transition Fund.
- Mark Carney, Brookfield Vice Chair and Head of Transition Investing, added, Brookfield is committed to achieving net-zero by 2050 or sooner, and to accelerating the global net-zero transition.
- The Brookfield Global Transition Fund, co-led by Mark Carney, Brookfield Vice Chair and Head of Transition Investing, and Connor Teskey, CEO of Brookfield Renewables, is Brookfields 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.