Brookfield (BN, BAM) has been selected by the UK's Nuclear Liabilities Fund to manage an investment mandate backed by an initial $1 billion commitment, the company said Tuesday.
The portfolio will be managed by Brookfield's Investment Solutions Group and invested across the firm's global infrastructure, energy, private equity, real estate and private credit strategies to support funding future obligations tied to the decommissioning of eight nuclear power stations, Brookfield said.