Brookfield transition fund hits $15bn

Fund aimed at decarbonising industries and scaling up clean energy is largest of its type dedicated to transition, asset manager says

Canada-based Brookfield Asset Management says it has created the world’s largest private fund dedicated to investing in the transition to net zero, with $15bn of capital raised. The Brookfield Global Transition Fund, which is aimed at clean energy and industrial decarbonisation, has now closed to institutional investors but remains open to a limited pool of private investors. About $2.5bn of the fund has already been deployed or allocated to projects—including the acquisition of US and German solar power and battery developers with a combined development pipeline of about 25GW. The fund has also invested in a carbon capture and storage developer to fund the rollout of the technology across e