Brookfield Asset Management Inc. said it has raised $7 billion for the initial close of its new impact investment fund, pulling in money from Singapore’s sovereign wealth fund and Canadian pension managers for an investment vehicle that will help businesses cut their carbon emissions. The Toronto-based alternative asset manager said it plans to raise as […]
Brookfield Pursues $7.5 Billion Fund Devoted to ‘Net-Zero’ Shift
Brookfield Asset Management Inc. plans to raise at least $7.5 billion for a new climate-focused fund, as the Canadian investment firm builds out an ESG business led by former Bank of England Governor Mark Carney. The Brookfield Global Transition Fund seeks to take advantage of accelerating interest in solutions to the global climate crisis, with […]
Twist in race for Mahindra Susten; Brookfield Asset Management in talks to buy majority stake in company
If the deal fructifies, it would mark the second one struck in the solar power segment between Brookfield and an Indian conglomerate. The Canadian investment firm had acquired Emami Power last year. Anand Mahindra-led Mahindra Group has initiated talks with Canadian investment giant Brookfield Asset Management to sell a majority stake in its clean energy […]
National Investment and Infra Fund emerges top bidder for Mahindra Susten’s solar assets
The major operational assets that are to be sold include a 337.5 MW solar park at Rewa, Madhya Pradesh and an 84.5 MW plant at Charanka, Gujarat MUMBAI: The National Investment and Infrastructure Fund (NIIF) is the frontrunner to acquire about 617 megawatts (MW) worth assets of Mahindra Susten, the solar energy EPC platform owned […]
Brookfield to push ahead with $513 mn India REIT IPO by 2020-end: Report
Brookfield plans to continue gauging investor demand for three more weeks before proceeding with a retail offer, the person said Brookfield Asset Management Inc. is pushing to list a real estate investment trust in Mumbai before the end of this year, which could raise as much as Rs 38 billion ($513 million), according to people […]
Brookfield, CPPIB, NIIF in race to buy Mahindra’s 600MW solar assets
Mahindra has received offers from six financial investors including Brookfield, Edelweiss, CPPIB and NIIF. It will be shortlisting three bidders for the final round of negotiations Brookfield, Canada Pension Plan Investment Board (CPPIB), National Investment and Infrastructure Fund (NIIF) and Edelweiss Yield Plus Infrastructure Fund are among half a dozen investors in discussions to acquire […]
Brookfield may invest upto $700 million in Tata Power renewable InvIT
N Chandrasekaran, chairman, Tata group told the shareholders at the recent annual general meeting that the company would reduce its gross debt to Rs 25,000 crore from Rs 48,000 crore Canadian fund Brookfield Renewable Partners is in talks to invest up to $700 million in the renewable power investment trust (InvIT) of Tata Power Company […]
OMERS, Actis Llp, Brookfield bid to buy SoftBank’ stake in SB Energy
CPPIB also expected to submit offer before bid submission deadline. Bank of America and Barclays are running the stake sale process. SBG Cleantech is a JV between SoftBank and Bharti Enterprises, in which the former holds 80% stake NEW DELHI: Canadian pension fund Ontario Municipal Employees’ Retirement System (OMERS), private equity fund Actis Llp […]
Brookfield Picks Banks for $500 Million REIT IPO in India
A listing in Mumbai could happen as soon as end of this year REIT listings are picking up in India after change in rules Brookfield Asset Management Inc. has picked banks for an initial public offering of its India real estate investment trust that could raise at least $500 million, according to people familiar […]
Brookfield in talks to acquire Piramal Enterprises’ $300 mn renewable loans
Piramal plans to sell loans in the face of financial pressure following the pandemic Mumbai: Piramal Enterprises is in talks to sell $300 million (Rs 2,200 crore) of loans advanced to three renewable energy companies to Brookfield Asset Management, two people with direct knowledge of the matter told ET. Canada-based Brookfield plans to build a […]