Charles Avery
The Nordic PE firm, which was among the first private markets managers to embrace ESG, has raised €588m to acquire two assets from its fifth flagship fund.
OTH Capital is seeking $250m for an impact fund, per an SEC filing.
British International Investment has committed $20m to the fund, which has a $400m target.
The fund was launched in partnership with FMO and KfW, and has a $500m target.
The firm expects to wrap up fundraising in the next six to nine months, according to a source close to the fundraise.
The flow of institutional capital into emerging markets is increasing, but the shortfall remains huge.
Deputy chief executive Frederic Giovansili provided an update on the firm's impact strategy on its H1 results call.
Most investors are finding the financial performance of their impact investments are meeting or exceeding expectations, according to a report from Blue Earth Capital.
The Singaporean investor believes there is a lack of financing available for 'nascent or maturing climate technologies' that are too mature for venture capital but not ready for infrastructure investment.
Our 2024 list of the largest managers of impact capital reveals which strategies and managers are getting attention from LPs.