Fund of funds

ALTÉRRA

Compiled from public sources

ALTÉRRA is a UAE-based, climate-focused investment fund established in December 2023 at COP28 by the UAE. With an initial capitalisation of USD 30 billion, it is designed to be the world’s largest climate investment fund, aiming to accelerate climate action and mobilise private capital towards climate solutions globally. ALTÉRRA operates as a "fund of funds," investing in private equity and venture capital funds that focus on climate mitigation and adaptation, particularly in the Global South. Its strategy includes deploying catalytic capital to de-risk investments and attract conventional finance into the climate space, thereby facilitating a just energy transition and fostering sustainable development.