Brookfield Sees Raising Over $15 Billion for New Impact Fund

Brookfield Asset Management Inc. expects to raise more than $15 billion for its new impact fund, exceeding a previous forecast of $12.5 billion.

“It could have been more,” Chief Executive Officer Bruce Flatt said of the Global Transition Fund during an investor conference Wednesday. The Toronto-based firm capped the size of the fund, indicating “the interest in transition investing,” he said.