Keep pulling the thread on Majid Al Suwaidi.
Alterra has partnered with Brookfield, TPG, and BlackRock to invest in their strategies and create two new funds focused on the Global South.
Alterra's 'Acceleration' fund has achieved a nine times capital mobilization ratio.
Alterra's $5 billion 'Transformation' fund, focused on the Global South, has achieved a four times capital mobilization ratio.
Alterra has a target to mobilize $250 billion in capital for climate finance.
Alterra has launched a new $1.2 billion 'Opportunity Fund' in partnership with BBVA.
Alterra has committed approximately $6.5 billion of its $30 billion in capital.
Majid Al Suwaidi claims that Alterra is currently the largest climate fund actively deploying capital.
Alterra was designed to address the challenge that climate finance was not being deployed at scale, particularly to the Global South.
The increasing energy demand from AI is creating a significant gap in the global energy supply.
Clean energy and renewables are currently the cheapest and fastest forms of energy to deploy.
Alterra's investment thesis is built on four pillars: clean energy (including nuclear), industrial decarbonization, climate technology, and sustainable living.
Many general partners (GPs) have established offices in Abu Dhabi to be closer to Alterra and other local pools of capital.