Canada’s Brookfield Asset Management, said it had raised $15bn for its first impact fund focused on the global transition to a net-zero carbon economy.
In the first five months of this year investors added $7.5bn to U.S. sustainable funds including those focused on environmental, social and governance (ESG) considerations, after putting a record $69.2bn of net new deposits into such funds in 2021.
The Brookfield Global Transition Fund will target investments tied to reducing greenhouse gas emissions and energy consumption, the company said.
Brookfield Asset Management has $725 billion in assets under management, including $65 billion in its renewable power business, which is overseen by Teskey.
Read more: Reuters
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