Specifically, the Brookfield Global Transition Fund II has secured approximately $3.5 billion in co-investments for its portfolio, the New York-based investment firm announced.
The fund received contributions from both existing and new investors, including $2 billion from climate-focused private investment vehicle Alterra and $1.5 billion from Norges Bank Investment Management.
Brookfield, which manages more than $1 trillion in assets, stated that over $5 billion from the fund has already been deployed. This includes the acquisitions of Neoen, a renewable energy and battery storage company, and Geronimo Power, a U.S.-based energy development firm.
