Fabio Turci
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- Milken Institute16 min
Conversation with H.E. Majid Al Suwaidi, CEO of ALTÉRRA | Global Investors' Symposium São Paulo
Founded at COP28 by former Director-General Majid Al Suedi and major financial partners Brookfield, TPG, and BlackRock, Altera is a $30 billion climate investment vehicle designed to mobilize an additional $250 billion from the private sector over the next three to five years. The fund operates a dual mandate splitting capital between a global Transformation Fund and a dedicated Global South Fund, with a strategic focus on clean energy including nuclear power, industrial decarbonization, and emerging climate technologies. As of now, the entity has deployed capacity equivalent to 90 gigawatts across five continents while generating commercial returns that exceed sector expectations, validating its model to attract further institutional co-investment ahead of COP30.