First dedicated fund introduced for transition investing in emerging markets
CTF first close expected by the end of 2024
BROOKFIELD, NEWS,
With the urgent need to cut emissions and accelerate the climate transition, the Brookfield-managed CTF will harness a
Launched at
Emerging and developing economies outside of
CTF represents a unique private capital approach to crowd in capital for clean energy and transition assets in emerging markets. Managed by Brookfield and driven by the catalytic capital of ALTÉRRA, it will accelerate decarbonization investments while generating attractive risk-adjusted returns in traditionally underserved emerging markets. ALTÉRRA is offering a capped return on its CTF commitment, improving the risk-adjusted returns for investors in the Fund and unlocking compelling investment opportunities for private investors. By acting as a catalyst, ALTÉRRA aims to significantly expand private finance and fuel ambitious new climate strategies in both developing and developed markets.
The strategic partnership between Brookfield and ALTÉRRA benefits from Brookfield’s global leadership and strong track record as the world’s largest transition investor among private fund managers. The first fund in the
For CTF, the capital raised will be deployed in target emerging markets, including in South and
“The Catalytic Transition Fund is a private market solution to the global challenge of delivering transition investment to emerging markets. Brookfield is already a leading transition investor in these regions and has first-hand knowledge of the incredible opportunity and impact that is available in these chronically underfunded markets. Having this dedicated capital for emerging markets will complement our existing
H.E Majid Al-Suwaidi, CEO of ALTÉRRA, said:
“While we are making progress in addressing climate change, we need to pick up the pace and scale significantly to meet our collective climate goals. ALTÉRRA wants to challenge the status quo of how we invest in climate solutions, and our investment in the
About
Brookfield operates one of the world’s largest platforms for renewable power and sustainable solutions. Our renewable power portfolio consists of hydroelectric, wind, utility-scale solar and storage facilities in
As a signatory to the Net Zero Asset Managers initiative, Brookfield is committed to supporting the goal of achieving net-zero greenhouse gas emissions by 2050 or sooner—in line with the Paris Agreement.
For more information, please visit our website at www.brookfield.com.
About ALTÉRRA
ALTÉRRA is the world’s largest private investment vehicle for climate finance. Launched at
ALTERRA's dual-arm structure enhances its impact: the
Brookfield
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Notice to Readers
This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature, depend upon or refer to future results, events or conditions, and include, but are not limited to, statements which reflect management’s current estimates, beliefs and assumptions and which are in turn based on our experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. The estimates, beliefs and assumptions of Brookfield are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and as such, are subject to change. Forward-looking statements are typically identified by words such as “expect”, “anticipate”, “believe”, “foresee”, “could”, “estimate”, “goal”, “intend”, “plan”, “seek”, “strive”, “will”, “may” and “should” and similar expressions. In particular, the forward-looking statements contained in this news release include statements referring to, among other things, the total capital deployed by CTF and how such capital will be deployed, the expected impact and returns of CTF and the expected first close of CTF .
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