What is Alterra, and what is its role in the UAE's climate finance strategy?

Alterra is an Abu Dhabi-based investment vehicle operating as a fund of funds, overseen by the UAE and focused on clean energy investments. It was introduced at the COP28 climate summit in Dubai in 2023 to enable blended finance by making private investment in the energy transition more appealing through de-risking structures, with the UAE stating the model has the potential to unleash $250 billion of climate finance by 2030—much of it directed toward developing markets.

What is the nature and strategic focus of KKR’s climate transition fund, and who leads it?

KKR’s climate transition strategy invests in companies aligned with electrification, grid resilience, and industrial decarbonization—including renewables, energy storage, and sustainable fuels—and is managed by KKR’s Charlie Gailliot and Emmanuel Lagarrigue.

KKR Secures Investment from UAE's Alterra for Climate Transition Fund

Apr 21, 2026

UAE-backed Alterra commits to investing in KKR’s global climate transition fund, targeting clean energy, sustainable fuels, and industrial decarbonization projects to accelerate private finance for the energy transition.

bloomberg

2026-04-21

KKR Secures Investment from UAE's Alterra for Climate Transition Fund

KKR Secures Investment from UAE's Alterra for Climate Transition Fund

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