JA Mitsui Leasing, a Japanese transport and property leasing company, has announced a $20 million investment in Brookfield Asset Management’s Global Transition Fund.
Brookfield reached a first close at $7 billion in 2021 and the fund has a $12.5 billion hard-cap. Other investors include the Public School Employees’ Retirement Board of Pennsylvania, the Investment Management Corporation of Ontario, the New Jersey Division of Investment, the Ontario Teachers’ Pension Plan, Ottawa’s Public Sector Pension Investment Board and Temasek Holdings.
JA Mitsui Leasing said in a statement: “We decided to invest in this fund… because of the social significance of the business in which [Brookfield] invests. JA Mitsui Leasing is promoting sustainability management… carbon neutrality and [the] circular economy.”
The company has also recently invested in Aeronext, a start-up that is developing drones to improve industrial safety, and Photon Capital GK’s Sustainable Solar Investment fund, which develops solar power plants in Japan.