Reported 12 months ago
The United Arab Emirates' $30 billion Alterra Fund, aimed at channeling funds into climate finance, is getting ready for its next phase of investments after striking deals with BlackRock Inc., TPG Inc., and Brookfield Asset Management Ltd. The fund operates as a fund of funds, supporting the green-energy transition and aiming to attract private finance through de-risking structures. Al Suwaidi, Alterra's CEO, highlighted the fund's role in promoting climate-positive investments in both advanced and emerging markets.
Source: YAHOO