05:48 AM EDT, 10/07/2025 (MT Newswires) -- Brookfield Asset Management ( BAM ) said Tuesday it has achieved the final institutional close for its clean energy transition fund, Brookfield Global Transition Fund II, with $20 billion raised in fund commitments and strategic capital.

The company said it has received commitments from existing and new investors, including the previously announced commitments of $2 billion from Alterra and $1.5 billion from Norges Bank Investment Management.

Brookfield added that the new fund has also secured about $3.5 billion of co-investment into its portfolio.