Norway's $2 Trillion Wealth Fund to Invest $1.5 Billion in Brookfield's Global Energy Transition Fund

Norges Bank Investment Management, the manager of Norway's $2 trillion sovereign wealth fund, the world's largest, announced a $1.5 billion commitment to Brookfield Asset Management's (BAM) Brookfield Global Transition Fund II on Friday, September 26. This investment aligns with the Norwegian fund's strategic initiative to expand its portfolio of unlisted renewable assets and directly invest in renewable energy infrastructure. The allocation is intended to support the global transition to low-carbon solutions, mirroring the Brookfield fund's emphasis on clean energy and business transformation. The Brookfield fund will deploy capital across North America, South America, Europe, and the Asia Pacific, supporting projects essential for a green economy. This substantial commitment signals a strategic shift by a prominent global investor towards long-term, sustainable infrastructure development.