Brookfield Asset Management and Alterra Management Limited launched the Catalytic Transition Fund (CTF) which is focused on directing capital into clean energy and transition assets in emerging economies.
CTF will harness a $1 billion commitment by ALTÉRRA funds to catalyse up to $5 billion in total capital for deployment into emerging markets. Launched at COP28 in Dubai, ALTÉRRA is the world’s largest private investment vehicle for climate finance.
Since announcing the launch of CTF in December 2023, Brookfield has been focused on developing the investment strategy, identifying an advanced pipeline of potential investments and pre-marketing to potential investment partners.
“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,” said H.E Majid Al-Suwaidi, CEO of ALTÉRRA.
ALTÉRRA has previously committed to deploying $30 billion in climate investments with the goal to catalyze $250 billion with partners by 2030.
The capital that will be raised for CTF will be deployed in target emerging markets, including in South and Central America, South and Southeast Asia, the Middle East, and Eastern Europe. Brookfield will contribute to at least 10% of the Fund’s total capital.
