Category: Real Assets
Mark Carney’s Brookfield Global Transition Fund and Hank Paulson’s TPG Rise Climate both announce first close Mark Carney’s Brookfield Global Transition Fund and Hank Paulson’s TPG Rise Climate both announce first close Mark Carney’s Brookfield Global Transition Fund and Hank Paulson’s TPG Rise Climate both announce first close
The UK’s Universities Superannuation Scheme (USS), Ontario Teachers’ Pension Plan Board and Singapore’s sovereign wealth fund Temasek are among the names to have poured $12.4bn into two private equity ‘mega funds’ dedicated to sustainable investing.
Canadian alternatives giant Brookfield announced first-close on its Global Transition Fund yesterday, raising $7bn. The fund, which will be led by Brookfield’s Head of Transition Investing and ex- Governor of the Bank of England, Mark Carney, secured backing from Canadian investors Ontario Teachers, PSP Investments and Investment Management Corporation of Ontario, as well as Temasek. Brookfield itself is the largest investor in the fund.
Connor Teskey, CEO of Brookfield Renewables, will run the fund with Carney. It will focus on “investments which accelerate the global transition”, targeting opportunities related to reducing GHG emissions and energy consumption, as well as increasing low-car…