“The support from the world’s most sophisticated investors for the CTF strategy underscores the unique combination of the major commercial opportunity and the climate imperative,” Mark Carney, chair of Brookfield Asset Management and head of its transition investing group, said in the statement. Carney is also chair of Bloomberg Inc.
Brookfield Asset Management has raised an initial US$2.4 billion ($3.1 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.
