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

Core Insights - The Catalytic Transition Fund (CTF) has been launched to direct capital into clean energy and transition assets in emerging markets, with a commitment of $1 billion from UAE-backed ALTÉRRA aimed at catalyzing up to $5 billion in total capital [1][2][3] Group 1: Fund Overview - CTF is designed to address the urgent need for climate transition investments in emerging economies, which currently receive less than 15% of global clean energy investment despite being responsible for nearly one-third of global emissions [2][4] - The fund will focus on deploying capital in target emerging markets, including South and Central America, South and Southeast Asia, the Middle East, and Eastern Europe, with at least 10% of the total capital contributed by Brookfield [4][5] Group 2: Strategic Goals - ALTÉRRA aims to deploy $30 billion in climate investments by 2030, with a goal to catalyze $250 billion globally through innovative partnerships [2][9] - The CTF represents a unique private capital approach to attract investment for clean energy and transition assets, improving risk-adjusted returns for investors [3][5] Group 3: Market Context - The need for clean energy investment in emerging markets is projected to increase six times to reach $1.6 trillion per year by the early 2030s to align with the Paris Agreement [2] - Brookfield is recognized as a leading transition investor, having raised a record $15 billion in its first fund of the Brookfield Global Transition Fund series in 2022 [4][5]