Brookfield Asset Management Ltd. announced on September 8, 2026, that it has been selected by the Nuclear Liabilities Fund (NLF) to manage a long-term, multi-asset investment mandate. The mandate is valued at an initial commitment of $1 billion, which will be invested across Brookfield’s global investment strategies. The mandate is managed by Brookfield’s Investment Solutions Group (ISG), chaired by Oaktree Co-Chairman Howard Marks and led by Alper Daglioglu.
The Nuclear Liabilities Fund, established in 1996, is an independent ring-fenced fund designed to cover the costs of decommissioning eight nuclear power stations in the United Kingdom. To date, approximately £3 billion of decommissioning costs have been paid, with the program expected to continue into the next century. The partnership aims to help NLF achieve the required returns to cover these future costs without relying on taxpayer funding.
The portfolio will be structured to reinvest capital and deliver long-term compounding. Investments are expected to include a combination of fund commitments, direct investments, and co-investments across Brookfield’s infrastructure, energy, private equity, real estate, and private credit strategies. The mandate emphasizes disciplined capital allocation, with investment proceeds expected to be reinvested into new opportunities over time rather than routinely distributed.
Brookfield Asset Management Ltd. is a leading global alternative asset manager headquartered in New York with over $1 trillion of assets under management. The company’s press release highlights its focus on real assets and essential service businesses that form the backbone of the global economy.
