Raw: [
World’s largest private fund dedicated to investing in the net zero economy Brookfield Asset Management announced that it has raised $10 billion in the first closing of the second Brookfield Global Transition Fund, inclusive…
The post Brookfield Raises $10 Billion for Pioneering Global Transition Fund II appeared first on ESG News.
]
Brookfield Raises $10 Billion for Pioneering Global Transition Fund II – ESG News
LOADING
ESG News
ESG Business
Sustainability
Technology
Infrastructure
ESG Reporting
ESG Standards
Environmental
Government
Diversity, Equity & Inclusion
ESG Investing
Sustainable Finance
ESG Funds
Digital Assets
ESG Lifestyle
ESG Events
Upcoming Event List
International
ESG Europe
ESG Asia
ESG India
ESG Russia
ESG Middle East
ESG Japan
ESG Canada
ESG Latin America
ESG United Kingdom
Videos
Force For Good
Greenwich Economic Forum
UN Global Compact Leaders Summit 2022
Blockchain for Europe
UNCTAD Sustainable Stock Exchange Initiative
Humanity 2.0
World Economic Forum
Caspian Week
Converge2Xcelerate
International WELL Building Institute
EarthX
Type to search
ESG NewsESG Business
SustainabilityTechnologyInfrastructureESG ReportingESG StandardsEnvironmentalGovernmentDiversity, Equity & Inclusion
Tim Mohin: EU Sustainability at the Crossroads
Tim Mohin
February 2, 2024
Thomas Coudert to Spearhead Sustainability Efforts at AXA IM Core Investments
ESG News
February 2, 2024
ESG Metrics Increasingly Influence Executive Pay in North American Companies, Reveals WTW Study
ESG News
February 1, 2024
IESBA Launches Public Consultation on New Ethical Benchmark for Sustainability Reporting and Assurance
ESG News
January 30, 2024
Deloitte Partners with Informatica and Workiva to Revolutionize ESG Reporting
ESG News
February 6, 2024
Longbeard CEO, Matthew Sanders Talks Magisterium AI, Bridging Faith and Technology
ESG News
February 5, 2024
Toppan Merrill, Nasdaq Metrio™ Join Forces to Streamline ESG & CSRD Reporting
ESG News
January 30, 2024
FigBytes Included in Sustainability Management Software Report
ESG News
January 16, 2024
Generate Capital, CalSTRS Raises $1.5 billion for Sustainable Infrastructure Investments
ESG News
February 1, 2024
Heidelberg Materials Launches evoBuild® Leading the Change in Low-Carbon, Circular Construction Materials
ESG News
January 31, 2024
Unequal World: IEA Chief Urges “New Relationship” with Energy-Poor Africa
ESG News
January 30, 2024
Vantage and Nuveen Fuel Budderfly’s $400 Million Drive for Clean Energy Transition
ESG News
January 23, 2024
Governor Newsom Showcases California’s 2023 Achievements in Social Innovation
ESG News
February 2, 2024
Reporting Matters: CEBDS Study Analyzes Sustainability Efforts of 77 Major Companies in Brazil
ESG News
February 2, 2024
Legal Battle Over Climate Reporting: U.S. Chamber Challenges California’s Laws
ESG News
February 1, 2024
Toppan Merrill, Nasdaq Metrio™ Join Forces to Streamline ESG & CSRD Reporting
ESG News
January 30, 2024
EU Boosts Sustainable Investing with New ESG Ratings Regulation
ESG News
February 6, 2024
ESG Metrics Increasingly Influence Executive Pay in North American Companies, Reveals WTW Study
ESG News
February 1, 2024
PenSam Partners with S&P Dow Jones Indices to Launch Custom Climate-Focused Index
ESG News
January 30, 2024
SBTi’s Unprecedented Growth: Doubling Climate Validations and Gaining Charitable Status in 2023
ESG News
January 30, 2024
BBVA Sets Annual Record of €70 billion for Sustainable Business in 2023, up 39 percent
ESG News
February 2, 2024
Goldman Sachs and IFC Enhance Support for Women Entrepreneurs with New Initiative in Emerging Markets
ESG News
January 25, 2024
How I see it – Grounded by Fear, Fueled by Opportunity: The Case for High-Speed Rail
Matthew Sekol
January 19, 2024
EU Passport for Inclusion: Disability Card Smooths Travel Obstacles
ESG News
January 11, 2024
ESG Investing
Sustainable Finance ESG Funds Digital AssetsESG LifestyleESG Events
Upcoming Event ListInternational
ESG Europe ESG Asia ESG India ESG Russia ESG Middle East ESG Japan ESG Canada ESG Latin America ESG United KingdomVideos
Force For Good Greenwich Economic Forum UN Global Compact Leaders Summit 2022 Blockchain for Europe UNCTAD Sustainable Stock Exchange Initiative Humanity 2.0 World Economic Forum Caspian Week Converge2Xcelerate International WELL Building Institute EarthX
Get Breaking ESG News Alerts
Daily Newsletter
Join Now
videocam
Latest News
Seven simple questions
Help us improve your experience, delivering more of what you want
ESG Survey
Seven simple questions – Help us improve your experience, delivering more of what you want!
Brookfield Raises $10 Billion for Pioneering Global Transition Fund II
Energy Transition
/
ESG News
/
Investing
/
Sustainable Finance
/
Brookfield Raises $10 Billion for Pioneering Global Transition Fund II
by ESG News
•
February 6, 2024
Share:
Share on Facebook
Share on Twitter
Share on LinkedIn
Listen to this story:
World’s largest private fund dedicated to investing in the net zero economy
Brookfield Asset Management announced that it has raised $10 billion in the first closing of the second Brookfield Global Transition Fund, inclusive of fund commitments and strategic capital from our investor base. The Fund continues to see significant support from both existing and new investors, cementing Brookfield’s position as the world’s largest transition investor among private fund managers.
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. 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 Fund’s seed portfolio includes a UK onshore renewables developer and a solar development partnership in India, and the pipeline of further investment opportunities is robust. Brookfield is targeting a larger fundraise for BGTF II than its predecessor fund and continues to see a significant acceleration in transition opportunities globally.
The Fund is the successor of the inaugural Brookfield Global Transition Fund which closed on a record $15 billion, inclusive of fund commitments and strategic capital from our investor base in June 2022, making it the largest such fund in the world. The capital in BGTF I is now substantially deployed or committed to a range of landmark investments across renewable power, business transformation, carbon capture and storage, renewable natural gas, and nuclear services opportunities. All investments are managed to science-based sector pathways for net zero and the total impact of BGTF I, measured in avoided emissions, is on track to exceed the combined annual emissions of New York City, London and Toronto.
Related Article: Brookfield Asset Management Selects AWS to Enhance Its Renewable Energy Operations
Mark Carney, Brookfield Chair and Head of Transition Investing, said:
“We have demonstrated beyond doubt the breadth and scale of attractive investment opportunities in the transition to a net zero economy. By going where the emissions are, the Brookfield Global Transition Fund strategy is aiming to deliver strong risk-adjusted financial returns for investors and make meaningful environmental impacts for people and the planet.”
Connor Teskey, CEO of Brookfield Renewable Power & Transition, said:
“Corporate demand for decarbonization technologies is now the primary driver of transition investment, delivering significant economic value as well as meaningful environmental benefits. New trends are also emerging, such as supplying reliable, clean power to the surging data and technology sector, building entirely new industrial supply chains, and scaling technologies required for industrial decarbonization. The strong first close for the latest Brookfield Global Transition Fund demonstrates the growing appetite among leading global investors to capitalize on these trends.”
Share:
Share on Facebook
Share on Twitter
Share on LinkedIn
Topics
Brookfield
Connor Teskey
ESG
ESG News
Mark Carney
Net Zero
Related Articles
EU Boosts Sustainable Investing with New ESG Ratings Regulation
ESG News •
February 6, 2024
Deloitte Partners with Informatica and Workiva to Revolutionize ESG Reporting
ESG News •
February 6, 2024
Longbeard CEO, Matthew Sanders Talks Magisterium AI, Bridging Faith and Technology
ESG News •
February 5, 2024
Kraft Heinz and Carlton Power Ignite UK’s Renewable Hydrogen Initiative
ESG News •
February 5, 2024
Feb
1
February 1 – February 7
World Interfaith Harmony Week
Feb
6
All day
International Day of Zero Tolerance for Female Genital Mutilation
Feb
10
All day
World Pulses Day
Feb
11
All day
International Day of Women and Girls in Science
Feb
11
February 11 @ 3:00 pm – February 21 @ 5:00 pm EST
International Mother Language Day
View Calendar
Today’s Top ESG Stories
EU Boosts Sustainable Investing with New ESG Ratings Regulation February 6, 2024
Deloitte Partners with Informatica and Workiva to Revolutionize ESG Reporting February 6, 2024
Kraft Heinz and Carlton Power Ignite UK’s Renewable Hydrogen Initiative February 5, 2024
Lyft and SiriusXM Join Mastercard’s Effort to Plant 100 Million Trees to Drive Action for the Priceless Planet Coalition February 5, 2024
Amazon Fund for Rainforest Achieves Record $640 Million in New Pledges in 2023 February 5, 2024
ESG News Quote of the Day
You have a responsibility to make inclusion a daily thought, so we can get rid of the word ‘inclusion’.
Theodore Melfi, American filmmaker
Tweet
ESG News Daily Newsletter
First Name
Last Name
Email address:
Leave this field empty if you’re human:
Related Stories
ESG China Awards Gala celebrates best ESG practices in China
About ESG News About Us
Become a Contributor
Newsletter
Contact Us
Services Advertise With Us
Sponsorships
Events
News Agency
Terms & Privacy Terms & Conditions
Privacy Policy
Cookies
Copyright
Follow Us
YouTube
©2021 ESG News Corp. All rights reserved.
Add ESG News to your home screen?
Add this web page on your home screen for quick and easy access when you’re on the go.
Just tapthen “Add to home screen”
×