Brookfield’s Catalytic Fund Hits $2.4 Billion Milestone

Brookfield Asset Management Ltd. Class A (TSE:BAM) has released an update.

Brookfield Asset Management has successfully raised $2.4 billion for its Catalytic Transition Fund, aimed at investing in clean energy and transition assets in emerging markets. With a goal of $5 billion, the fund is backed by major investors like ALTÉRRA, CDPQ, GIC, Prudential, and Temasek, and looks to address the substantial investment needed for global net zero targets. Brookfield’s commitment to sustainable investment is further evidenced by their extensive portfolio in renewable power and sustainable solutions.

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