KKR Fund Secures Investment From UAE Blended-Finance Vehicle
Majid Al Suwaidi, CEO of Alterra, left, and Scott Nuttall, Co-Chief Executive Officer of KKR
Source: KKR & Co. Inc
A $30 billion fund backed by the United Arab Emirates has committed to invest in KKR & Co. Inc’s global climate transition fund.
Alterra, an Abu Dhabi-based investment vehicle that operates as a fund of funds, is overseen by the UAE and focused on clean energy investments. The vehicle, which has already announced deals with BlackRock Inc., Brookfield Asset Management Ltd. and TPG Inc., said in a statement on Tuesday the partnership with KKR is part of its commitment to invest in real assets that can accelerate decarbonization.