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.
This colossal close, surpassing its initial target, underscores the tidal wave of investor confidence in the energy transition sector, as global markets race to decarbonize amid surging energy demand and growing pressures from artificial intelligence-driven power needs.
Brookfield’s Second Transition Fund Surpasses Expectations
The $20 billion Brookfield $20B Fund draws upon the momentum of its predecessor, which raised $15 billion and financed projects across a diverse portfolio — from renewables and carbon capture to sustainable aviation fuel, battery storage, and nuclear services.
“Energy demand is growing fast, driven by AI and electrification across industry and transportation,” said Connor Teskey, Brookfield’s President and CEO for Renewable Power and Transition. “We need an ‘any and all’ approach to investment that will continue to favor low-carbon solutions. Our strategy is to back technologies delivering clean, abundant, and affordable energy that supports the global economy.”
Brookfield’s latest fund attracted both new and returning investors, signaling deep confidence in the company’s track record and approach to large-scale decarbonization.
