Alterra, the UAE's $30 billion climate fund, has announced plans to launch a new co-investment vehicle worth $1.2 billion with a $250 million contribution from global financial institution BBVA to advance energy transition goals.
Once launched and approved, Alterra Opportunity Fund will be domiciled at Abu Dhabi finance hub ADGM. It will consolidate existing co-investments into a dedicated structure to support its next phase of growth, Alterra said in a statement.
The strategic partnership between Alterra and BBVA was announced during Abu
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