Mark Carney's Brookfield AM raises $10bn for global net zero transition fund

Second iteration of the strategy

Mark Carney's Brookfield Asset Management has raised $10bn from investors in the first close of a global net zero transition fund.

The fund is the second iteration of the Brookfield Global Transition fund, which closed at $15bn and aims to accelerate the global transition to a net zero economy through its investments. Former Bank of England governor Carney, who is the chair of the $850bn asset manager and also serves as its head of transition investing, will be co-head of the fund alongside Connor Teskey, CEO of Brookfield's renewable power and transition business.  Investments will reflect the strategy of the first fund, focusing on the expansion of clean energy, the advancement of sustainable solutions and the ...