B
Brookfield Asset Management
Fund counsel
Weil, Gotshal & Manges
Andrew I. ChizzikPartner
Lana CastorPartner
13 lawyers involved
Rainmaker
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Brookfield Asset Management closes Brookfield Global Transition Fund II with US$20 billion in commitments $update-09-18
Completed7 Oct 2025Deal Overview
- Value
- $20bnDisclosed
- Deal type
- Funds
- Structure
- Fund formation / final closePrivate Equity
- Status
- Completed7 Oct 2025
Advisors
FUND
Weil, Gotshal & Manges Overview
- Sponsor: Brookfield Asset Management (NYSE / TSX: BAM), the New York-headquartered alternative asset manager with over US$1 trillion of assets under management across renewable power and transition, infrastructure, private equity, real estate and credit. Transition investing is led by Connor Teskey, President of BAM and CEO of Renewable Power & Transition.
- Vehicle: Brookfield Global Transition Fund II (BGTF II), the flagship energy transition strategy. Final institutional close announced 7 October 2025 with US$20 billion of commitments and strategic capital, above target and above the US$15 billion raised by BGTF I in 2022, making it the world's largest private fund dedicated to the clean energy transition. Approximately US$3.5 billion of co-investment brings total capital to c.US$23.5 billion.
- Fundraising path: launched in 2023 (Bloomberg reported a c.US$20 billion target, up to US$25 billion on demand); US$10 billion first close announced February 2024; the Form D/A of 16 July 2025 reported US$13.7 billion sold to 96 investors across four parallel vehicles (Brookfield Global Transition Fund II-A, II-B and II-C, L.P., Delaware, and II-ER SCSp, Luxembourg), the general partners' sole member being managed from 250 Vesey Street, New York.
- Strategy: expansion of clean energy, transformation of carbon-intensive businesses and scaling of sustainable solutions across North America, South America, Europe and Asia Pacific. More than US$5 billion already deployed, including Neoen (renewable power and storage), Geronimo Power (US development) and Evren (Indian wind, solar and storage joint venture).
- Sponsor counsel: Weil, Gotshal & Manges advised Brookfield on the fund formation and closings, led by Private Funds Head Andrew Chizzik and partner Lana Castor, with Private Funds associates Marissa Luchs, Alexander Zedlovich, Luke Costello, Cassandra Xia, Hari Vutukuru, Sheel Patel, James Fox and Heather Walsh; Tax: partners Robert Frastai and Andrew Morris, counsel Lauren Gorsche and associates Kerri Gallagher, Courtney Baltz, Jay Perry, Melody Phillips and Drew Coleman (not yet admitted in New York).