Altérra, a climate‑finance vehicle launched at COP28 with a $30 billion commitment from the UAE, announced that its Acceleration Fund will commit capital to KKR’s Global Climate Transition Strategy. The partnership brings new capital to KKR’s climate platform, which was launched in 2024 and has already raised $3.05 billion for its Global Climate Transition Fund.
The collaboration expands KKR’s portfolio of renewable energy, grid resilience, and industrial decarbonization projects across North America, Europe, and Asia. KKR has invested more than $44 billion in climate and environmental sustainability initiatives since 2011 and manages roughly $100 billion in global infrastructure assets, positioning it to deploy the new capital efficiently.
Altérra’s Acceleration Fund is designed to channel capital into projects that accelerate the transition to a net‑zero, climate‑resilient economy. The partnership is part of Altérra’s broader goal of mobilizing $250 billion worldwide by 2030, and it provides KKR with a dedicated source of equity and debt that can be used to scale high‑impact projects such as battery storage, electrification, and sustainable fuels.
"Our strategic partnership with KKR reflects ALTÉRRA's commitment to investing in real assets that can accelerate decarbonization, while demonstrating that impact and commercial performance can go hand in hand," said Karim Radwan, Partner and Head of Investments at Altérra. "We are delighted to collaborate with ALTÉRRA on our Global Climate Transition strategy, which reflects a shared commitment to accelerating investment in the infrastructure underpinning the energy transition," added Charlie Gailliot and Emmanuel Lagarrigue, Co‑Heads of KKR’s Global Climate Transition Strategy. Their comments underscore the joint focus on scaling proven technologies and building resilient, efficient energy systems.
The partnership signals a new source of recurring revenue for KKR and reinforces its strategy to integrate climate considerations across its three‑pillar model. By combining Altérra’s global perspective with KKR’s experience investing across climate and infrastructure, the two firms are well positioned to scale proven technologies and build more resilient, efficient energy systems for the long term.
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