Brookfield Asset Management Ltd. (BAM): Flagship Fund Raises $20 Billion

Brookfield Asset Management Ltd. (NYSE:BAM) is included among the 12 Most Promising Clean Energy Stocks According to Wall Street Analysts.

Brookfield Asset Management Ltd. (NYSE:BAM) is an alternative asset management firm specializing in acquisitions and growth capital investments. The firm typically invests in renewable power and transition, and infrastructure sectors. Last week, Bank of America lowered the price target on the stock to $67 from $68 and kept a Neutral rating on the shares. The firm revised its Q3, Q4, 2026 and 2027 EPS estimates due higher catch-up fees from the final close of Renewables II fund, the analyst told investors in a Q3 preview for the asset manager group.

Brookfield Asset Management Ltd. (NYSE:BAM) announced earlier today that it had raised $20 billion for its flagship energy transition fund. As the fund is now closed, it has become the world’s largest private fund dedicated to the transition to clean energy. The Fund received contributions from institutional investors worldwide, including a number of investors that are new to the Brookfield transition platform. This includes the previously announced commitments of $2 billion from ALTÉRRA and $1.5 billion from Norges Bank Investment Management.

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