ALT\u00c9RRA, one of the world\u2019s largest private investment vehicles for climate finance, and BBVA, a leading global financial institution, today announced a new partnership, with BBVA committing $250 million as a proposed strategic LP to a climate co-investment vehicle that Alterra intends to launch subject to regulatory approvals. This partnership reflects BBVA\u2019s recognition of and interest in ALT\u00c9RRA\u2019s differentiated strategy and capabilities, and supports BBVA\u2019s goals and aspiration to advance its sustainable finance strategy and its growing interest in the Middle East.<\/p>\n
The Fund once launched and approved will be domiciled in ADGM\u00b2 and consolidates existing co-investments from ALT\u00c9RRA Acceleration\u00b3 into a dedicated structure managed by ALT\u00c9RRA, and represents a pivotal step in ALT\u00c9RRA\u2019s transition into its next phase of growth.<\/p>\n
ALT\u00c9RRA Opportunity Fund will pursue a diversified global investment strategy across climate-aligned infrastructure, private equity and private credit. The strategy reflects ALT\u00c9RRA\u2019s investment approach seeking superior risk-adjusted returns and positive climate impact in both advanced and emerging markets. The Fund will invest in Climate investments across Energy Transition, Industrial Decarbonization, Climate Tech and Sustainable Living. Its scope will include North America, Latin America and Europe in addition to other Growth Markets.<\/p>\n