Charles Avery
The firm has registered Impact Lending Fund I, a regulatory filing shows.
This year's GIIN Impact Forum took a different tone to usual, reflecting how far the industry has come.
The €11bn manager has hired a three-person team from Fiera Private Debt to staff the new office.
The fund will invest in afforestation projects, nature-related tech and commercial forestry.
The single family office founder advocated for a fairer tax system on stage at the GIIN Impact Forum in Amsterdam.
The decision to focus solely on decarbonisation was 'well received by investors', according to partner Frida Einarson.
The fund's predecessor closed on $7.3bn in 2022.
South Yorkshire Pensions Authority would 'like to look at' brown-to-green real estate funds, director George Graham told New Private Markets.
Forestry has more to offer the sustainability revolution than carbon sequestration, according to BTG Pactual's Charlotte Kaiser.
Almost 90% of impact capital is provided by Western European and North American investors, according to GIIN.