US EditionBrookfield Raises $20 Billion for Record Transition Fund
Brookfield's fund raised $20 billion to back renewable power and battery storage, exceeding targets amid a 10% rise in global renewables investment in early 2025.
- On Tuesday, Brookfield Asset Management Ltd. said investors committed to its second BAM-T Global Transition Fund II, making it the world's largest private fund dedicated to the clean-energy transition.
- Massive planned spending on grids and low-emission fuels supports roughly US$2.2-trillion earmarked globally this year, and the International Energy Agency projects renewable power capacity will rise by 4,600 gigawatts by 2030.
- The capital haul includes about US$3.5-billion in co-investments, and the Brookfield Global Transition Fund II has already invested more than US$5-billion in renewable power and battery storage.
- Corporate offtake agreements and institutional demand are reinforcing the fund's strategy as pension funds and transition funds provide much of the new capital rather than public markets.
- Projects are now taking longer and costing more after pandemic disruptions, and the renewable growth forecast was cut 5-per-cent compared with last year amid tariff threats and new restrictions.
14 Articles
14 Articles
Brookfield has closed its Global Transition Fund II with commitments of $20 billion, setting a new record as the world’s largest private fund dedicated to the transition to clean energy. This flagship vehicle exceeded its target and also the amount raised by its predecessor, the Brookfield Global Transition Fund I, which reached $15 billion, attracting institutional investors from around the world. The company reported that the fund received cap…
Brookfield $20B Fund Marks World’s Largest Private Clean Energy Vehicle - USA Herald
In a monumental leap toward the future of clean energy, Brookfield Asset Management Ltd. announced Tuesday that it has successfully closed its flagship Brookfield Global Transition Fund II with $20 billion in investor commitments — a landmark achievement that cements it as the world’s largest private fund dedicated to accelerating the transition to sustainable energy. Brookfield $20B Fund sets global record as the world’s largest private clean en
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