Brookfield Seeks $12.5 Billion for New Impact Fund
- Singapore’s Temasek, Canadian pensions put in capital
- Carney-led group will focus on ‘decarbonization-driven’ ideas
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Brookfield Asset Management Inc. said it has raised $7 billion for the initial close of its new impact investment fund, pulling in money from Singapore’s state investor and Canadian pension managers for an investment vehicle that will help businesses cut their carbon emissions.
The Toronto-based alternative asset manager said it plans to raise as much as $12.5 billion for the Brookfield Global Transition Fund, which would make it the largest of its kind to date as it pursues a growing list of opportunities.