The $30 billion energy-transition fund of the United Arab Emirates, known as Alterra, is currently facing challenges in effectively deploying its capital.

Despite its launch a year ago with the goal of mobilizing $250 billion by the end of the decade, the fund has only committed $6.5 billion to seven strategies managed by major firms such as BlackRock Inc., Brookfield Asset Management Ltd., and TPG Inc.

However, the actual funds spent so far have been significantly lower, indicating difficulties in finding suitable investment opportunities that align with the fund's focus on energy transition. This situation raises concerns about the fund's ability to achieve its ambitious financial goals in the changing energy landscape.