ALTÉRRA

Overview

ALTÉRRA is a climate-focused investment fund established in December 2023 during COP28 in Dubai, with an initial commitment of $30 billion from the United Arab Emirates. As the world's largest private investment vehicle for climate change action, ALTÉRRA aims to mobilize $250 billion globally by 2030 to finance large-scale climate solutions, particularly in emerging markets and developing economies. The fund operates through two primary arms: ALTÉRRA Acceleration, a $25 billion fund designed to drive large-scale climate investments, and ALTÉRRA Transformation, a $5 billion fund dedicated to unlocking the potential of emerging and developing markets by providing risk mitigation capital to incentivize investment flows. ALTÉRRA has partnered with leading global asset managers such as BlackRock, Brookfield, and TPG to invest in climate transition projects worldwide. These partnerships have resulted in significant commitments, including a $2 billion investment with BlackRock in climate transition-oriented private debt and infrastructure equity strategies, and a $1 billion anchor commitment to Brookfield's Catalytic Transition Fund aimed at scaling up climate finance in emerging markets. ALTÉRRA's mission is to accelerate the global transition to a net-zero, climate-resilient economy by mobilizing substantial private capital and fostering innovative investment solutions.

Investment Focus

• Projects must align with climate transition objectives.
• Focus on investments in emerging markets and developing economies.
• Partnerships with established asset managers and financial institutions.