United Arab Emirates launching $30b climate fund with prominent PE firms

In a strategic move, the United Arab Emirates is set to launch a substantial $30 billion climate fund in collaboration with prominent financial giants BlackRock Inc., Brookfield Asset Management, and TPG Inc. Lunate Capital, a formidable $50 billion firm, is slated to oversee the management of this ambitious fund. This initiative aligns with Abu Dhabi's broader vision to leverage its energy wealth and emerge as a significant player in the global investment arena. The fund's establishment marks a pivotal step in the UAE's commitment to climate-focused initiatives and sustainable investing. Stay tuned for official announcements as this partnership unfolds, positioning Lunate Capital at the forefront of Abu Dhabi's transformative foray into the international investment landscape.