Brookfield Opens Fundraising for Catalytic Transition Fund with Anchor Commitment from ALTÉRRA Targeted to Raise up to $5 billion to Scale Up Climate Finance in Emerging Markets [Financial...
Brookfield Corporation Class A Limited Voting Shares (BN)
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Source: Financial Post
First dedicated fund introduced for transition investing in emerging markets $1 billion committed by UAE-backed ALTÉRRA CTF first close expected by the end of 2024 BROOKFIELD, NEWS, June 13, 2024 (GLOBE NEWSWIRE) — Brookfield Asset Management (NYSE: BAM, TSX: BAM) (“Brookfield”) and Alterra Management Limited announced today the launch of the Catalytic Transition Fund (“CTF” or “the Fund”) focused on directing capital into clean energy and transition assets in emerging economies. Article content With the urgent need to cut emissions and accelerate the climate transition, the Brookfield-managed CTF will harness a $1 billion commitment by ALTÉRRA funds (“ALTÉRRA”) to catalyze up to $5 billion in total capital for deployment into emerging markets. 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. L
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