Brookfield Asset Management has raised $500m (€432m) to invest in companies that operate at the “intersection of technology and the built environment�.

The manager said it has raised more than half a billion dollars for its Brookfield Technology Partners II (BTP II) growth fund.

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 recognise 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 the Brookfield growth strategy has made 14 investments across multiple industries and fund offerings, the manager said. 

The investments include Latch, a smart access solution for residential and commercial buildings; GoodLeap, a point-of-sale payment platform for sustainable home solutions; and Deliverr, an ecommerce logistics platform. 

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