Taking a very big picture view, Brookfield Renewable is a way for Brookfield Asset Management ( BAM -0.31% ) to raise capital. Brookfield Asset Management is a large Canadian asset manager with a long history of investing in infrastructure assets on a global scale. It runs Brookfield Renewable's day-to-day operations. Brookfield Renewable often invests alongside Brookfield Asset Management, taking a percentage of Brookfield Asset Management's private investments in clean energy projects.