KKR & Co received a formal commitment from UAE-backed ALTÉRRA, boosting its Global Climate Transition Strategy. The financial backing enhances its portfolio aimed at boosting climate and energy transition investments across North America, Europe, and Asia.
ALTÉRRA is a $30B catalytic climate investment vehicle established by the UAE under Lunate in 2023. The. Chairman of ALTÉRRA is H.E. Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and former COP28 President.
KKR’s strategy focuses on climate solutions that enhance efficiency, security, and decarbonisation across various sectors of the economy, including renewables, energy efficiency, and sustainable fuels.
Demand for infrastructure in electrification and industrial decarbonisation is increasingly urgent. This shift presents a significant opportunity to invest in systems that will foster resilient, low-carbon economies and support long-term growth.
Karim Radwan, Partner and Head of Investments at ALTÉRRA, said, “Our strategic partnership with KKR reflects ALTÉRRA’s commitment to investing in real assets that can accelerate decarbonisation, while demonstrating that impact and commercial performance can go hand in hand.”
KKR committed seven investments since launching its Global Climate Transition Strategy, including companies such as Zenobē in transport electrification and battery storage, EGC in energy services, and Avantus in solar development.
KKR oversees over $100B in AUM and has invested over $44B in climate and environmental sustainability since 2011.
ALTÉRRA’s commitment to KKR’s strategy is set to further amplify its climate-focused investments and partnerships, solidifying its role in directing capital towards the infrastructure and solutions necessary for advancing the global climate transition.
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