Brookfield Asset Management’s private capital funds have sidestepped recent markdowns sweeping private credit and equity markets by focusing on energy-transition investments linked to energy security needs. Manager Natalie Adomait highlights stable performance driven by hard-asset-backed and contract-backed projects, which remain in demand despite volatility elsewhere.

The heavy-asset, low obsolescence (HALO) theme targets assets unlikely to be disrupted by artificial intelligence, including critical infrastructure and clean energy facilities. This approach has positioned Brookfield’s funds to benefit from renewed interest in data centers that support AI growth and broader energy-security investments as geopolitical tensions rise.

Capital-intensive clean energy projects, once viewed as vulnerable in a rising-rate environment, now enjoy a competitive moat as markets reward long-lived, hard-asset commitments. Industry analyses note strong investor appetite, with no redemption requests reported and confidence affirmed by peers emphasizing private markets’ unique capacity to finance emerging energy technologies.