Investing
GIC, Quebec Pension Back Brookfield in Emerging Markets Transition Fund
- Canadian manager raises initial $2.4 billion for new product
- Brookfield expects to announce first fund investments in 2024
Mark Carney
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
Brookfield Asset Management has raised an initial $2.4 billion for a fund dedicated to investing in clean energy and transition assets in emerging markets, about halfway to its goal.
Investors in the Catalytic Transition Fund include Singapore sovereign wealth fund GIC Pte, Prudential, Temasek Holdings and Caisse de Depot et Placement du Quebec, which is Canada’s second-largest public pension manager, according to a statement seen by Bloomberg News.