Brookfield Introduces multi-billion dollar Fund with Principal Investment from ALTÉRRA

Brookfield Asset Management (BAM) and ALTÉRRA announced the creation of a multi-billion dollar Catalytic Transition Fund (CTF).

Brookfield will oversee the management of the Fund, receiving up to US$1 billion in catalytic capital from ALTÉRRA Transformation to enhance risk-adjusted returns for commercially oriented investors. The CTF is dedicated to decarbonization initiatives and employs an innovative structure leveraging ALTÉRRA's financial commitment to attract significant private-sector investment. This distinctive approach aims to mobilize climate finance for crucial yet historically underinvested markets, focusing on South and Southeast Asia, Asia-Pacific, Central Asia, Eastern Europe, Latin America, and the Middle East.

Additional investors, including CDPQ and Temasek, have expressed interest in contributing commercial capital to the Fund. ALTÉRRA Acceleration also announces a US$2 billion commitment to the second Brookfield Global Transition Fund (BGTF II), following the strategy of its predecessor fund (BGTF I) to invest in clean energy growth, sustainable solutions, and business transformations in carbon-intensive sectors. The combined commitments from ALTÉRRA to CTF and BGTF II will facilitate the deployment of over US$20 billion toward decarbonization initiatives.