Canadian alternative investment firm Brookfield Asset Management announced the closing of its latest flagship global private equity (PE) fund at $12 billion.

The fund, called Brookfield Capital Partners VI, is the largest PE investment vehicle raised by Brookfield to date.

The limited partners (LPs) that have backed the fund are a diverse group of institutional investors, including public and private pension plans, sovereign wealth funds, financial institutions, endowments and foundations, and family offices.

Brookfield, which is a global alternative asset manager with $$850 billion of assets under management across renewable, infrastructure, real estate, PE, and credit, among others, has committed $3.5 billion to the new fund, underscoring its alignment of interests with other investors.

“Our global deal pipeline remains robust during this current period of market dislocation, which is creating significant large-scale opportunities that suit our operationally intensive investment approach,” said Anuj Ranjan, President of Brookfield’s Private Equity Group, in a media statement.

To date, the fund has committed approximately $4 billion to acquire six market-leading businesses.

While Brookfield invests in countries across the world, in India alone, it has deployed around $22 billion across a gamut of sectors such as real estate, infrastructure, renewable energy, and hospitality, among others.

Last week, it made headlines when it established a $845-million renewable energy platform with Axis Energy Ventures.