Brookfield has raised $20 billion in fund commitments and strategic capital for its flagship energy-transition strategy, Brookfield Global Transition Fund II (BGTF II).
Investments came from a diverse range of new and existing institutional investors across the globe to help BGTF II exceed its target and become the world’s largest private fund dedicated to the transition to clean energy.
This includes commitments of $2 billion from ALTÉRRA and $1.5 billion from Norges Bank Investment Management. The fund also secured approximately $3.5 billion of co-investment for its portfolio, bringing the total capital raised across the strategy in this vintage to approximately $23.5 billion.
More than $5 billion already has been deployed across a diverse set of high-quality transition investments, including Neoen, a public-to-private takeover of a global renewable power and battery storage operator and developer; Geronimo Power, a large-scale, diversified energy developer
