Reactions to COP28’s conclusion have been understandably mixed. Going into the talks, the world was more on track to avert catastrophic warming than it would have been without the 2015 Paris Agreement ...

COP28 saw significant innovation in finance, including the UAE’s announcement of the Alterra Fund – a $30 billion commitment to mobilize private investment in developing countries.

It owns nearly 20 North American resorts and the Ikon Pass. In January, KSL announced it had closed a $3 billion single-asset continuation vehicle for Alterra. A press release said the investment was ...

The US$5 billion Transformation Fund incentivizes investment flows in high-growth climate opportunities in underserved markets by providing catalytic capital. Alterra Management Limited is duly ...

Sovereign wealth funds are becoming the hottest thing in global finance. Indonesia launched its second state investment fund, the Daya Anagata Nusantara Investment Management Agency, or Danantara ...

At the 2023 COP28 UN Climate Change Conference in Dubai, the UAE launched the $30 billion ALTÉRRA climate investment fund. Qatar aims for 20% of its energy from renewables by 2030, while Saudi ...

The FSRA granted Green Fund Designation to Vortex Energy IV, a US$1.8 billion AUM firm backed by Abu Dhabi’s sovereign wealth funds and institutional investors. ADGM also welcomed 44 new signatories ...

The FSRA granted Green Fund Designation to Vortex Energy IV, a US$1.8 billion AUM firm backed by Abu Dhabi’s sovereign wealth funds and institutional investors.

There are a few state-level sovereign wealth funds in the U.S. For example, Texas operates the Texas Permanent School Fund, funded by oil revenue. It invests $52 billion in U.S. equities, bonds ...

More than 100 countries have sovereign wealth funds, totaling approximately $13 trillion in assets. Now the U.S. is poised to join them.