Brookfield raises over $500m for growth fund

Brookfield raises over 500m for growth fund

Global alternative asset manager Brookfield Asset Management has raised over $500 million for its growth fund, Brookfield Technology Partners II.

Brookfield Growth provides strategic capital to high-growth companies that operate at the intersection of technology and the built environment.

”Leveraging Brookfield’s broader ecosystem across real estate, infrastructure, renewable power and private equity, the fund has been designed to help its companies accelerate their growth by delivering commercial opportunities and driving strategic initiatives,” said the company in a statement.

Josh Raffaelli, Managing Partner at Brookfield who oversees growth investing initiatives said, “Technology is changing the landscape for owners of real assets and increasingly becoming a critical component in every aspect of the economy. We are pleased with the support we’ve received from entrepreneurs and fellow investors who recognize Brookfield’s capabilities as a hands-on, value-add owner, operator and partner that strives to build lasting enterprise value together with our portfolio companies.”

To date Brookfield Growth has made 14 investments across multiple industries and fund offerings, including Latch, Carbon Health, GoodLeap, Workrise, and Deliverr.