Mark Carney's Brookfield AM raises $10bn for global net zero transition fund

Second iteration of the strategy

clock • 2 min read

Mark Carney's Brookfield Asset Management has raised $10bn from investors in the first close of a global net zero transition fund.

The fund is the second iteration of the Brookfield Global Transition fund, which closed at $15bn and aims to accelerate the global transition to a net zero economy through its investments. Former Bank of England governor Carney, who is the chair of the $850bn asset manager and also serves as its head of transition investing, will be co-head of the fund alongside Connor Teskey, CEO of Brookfield's renewable power and transition business.  Investments will reflect the strategy of the first fund, focusing on the expansion of clean energy, the advancement of sustainable solutions and the ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

Schroders Greencoat launches renewables and energy transition LTAF

Schroders Greencoat launches renewables and energy transition LTAF

Second LTAF from Schroders Capital

Cristian Angeloni
clock 07 February 2024 • 2 min read
Mark Carney's Brookfield AM raises $10bn for global net zero transition fund

Mark Carney's Brookfield AM raises $10bn for global net zero transition fund

Second iteration of the strategy

clock 06 February 2024 • 2 min read
Royal London AM closes Global Equity Select fund to new investors

Royal London AM closes Global Equity Select fund to new investors

22.9% performance gain

clock 05 February 2024 • 1 min read
Trustpilot