Brookfield, Alterra Launches Fund to Help Emerging Markets Reach Net-Zero

Brookfield Asset Management and Alterra Management Limited announced the launch of the Catalytic Transition Fund focused on directing capital into clean energy and transition assets in emerging economies.

With the urgent need to decrease emissions and speed the climate transition, the Brookfield-managed CTF will leverage ALTÉRRA funds' $1 billion pledge to catalyze up to $5 billion in investments for emerging countries.

Read also - [Funding News] Pavestone VC Raises Rs 15 Cr from Colruyt Group India

Mark Carney, Chair and Head of Transition Investing at Brookfield Asset Management said, “The Catalytic Transition Fund is a private market solution to the global challenge of delivering transition investment to emerging markets. Brookfield is already a leading transition investor in these regions and has first-hand knowledge of the incredible opportunity and impact that is available in these chronically underfunded markets. Having this dedicated capital for emerging markets will complement our existing Brookfield Global Transition Fund strategy and further accelerate the growth of clean energy and transition investments in the future.”

In December 2023, Brookfield announced the establishment of CTF and began building the investment strategy, establishing an advanced pipeline of potential investments, and pre-marketing to potential investment partners.

H.E Majid Al-Suwaidi, CEO of ALTÉRRA, said, “While we are making progress in addressing climate change, we need to pick up the pace and scale significantly to meet our collective climate goals. ALTÉRRA wants to challenge the status quo of how we invest in climate solutions, and our investment in the Catalytic Transition Fund reflects our ongoing commitment to go beyond business-as-usual. We are passionate about ensuring capital goes where it is needed and that it drives impact for countries, communities and business. Our catalytic capital will be deployed to supercharge investment in emerging markets – wherever we see great potential for delivering meaningful climate impact and positive economic return.”

About Brookfield Asset Management

Brookfield Asset Management is a leading global alternative asset manager with over $925 billion of assets under management. They invest client capital for the long term with a focus on real assets and essential service businesses that form the backbone of the global economy.

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.

Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.

Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.