Since its launch in 2023 Altérra has established itself as one of the world's most influential investors in sustainable private markets. It has established fund relationships with Brookfield, BlackRock, TPG, KKR and CIP, and a direct co-investment programme that spans infrastructure and private equity. It has partnered with Spanish bank BBVA and is on the lookout for additional, complementary LP partners to join its co-investment programme. It has also broken ground in terms of blended finance structures on a large scale.

In this episode,we welcome back His Excellency Majid Al Suwaidi, the CEO of Altérra, for an in-depth conversation. During a London Climate Action Week that took place amid a record-breaking heatwave, Al Suwaidi joined New Private Markets' Toby Mitchenall at PEI Group's London office, to discuss:

• How Altérra's co-investment activity has served as an effective manager evaluation tool;
• Establishing the co-investment vehicle, being on the receiving end of LP due diligence and the type of additional LPs Altérra wants to work with;
• How to frame returns expectations from a portfolio that spans private equity and infra assets;
• The evolution of the climate debate and how investors have or have not repositioned themselves;
• The next step: how Altérra wants to go further into the Global South by rethinking blended finance. On the concept of "first loss" capital: "Nobody wants to be the first loser, right? How do we change up the dynamic so that the first mover is actually the biggest winner?"