Charles Avery
BNP Paribas Solar Impulse Venture Fund is expected to hold a final close later this year, according to a statement.
The firm has seen appetite for its first developed markets impact credit fund from pensions and insurers, head of impact strategy Diane Mak told New Private Markets.
Sukhvir Basran has joined law firm King & Spalding and has experience in sustainable finance.
The impact-led venture firm is developing a new product in partnership with pension solutions provider Mobius Life.
The firm is the latest GP to turn to for transition credit investments, and has raised $240m so far.
The manager has received a grant from the UK Space Agency to integrate data from satellites into its investment process.
Less than 10 percent of US GPs are monitoring principal adverse impacts, data from LGT Capital Partners shows.
The institution is looking to allocate $75m to the Africa-focused PE firm.
EIF chief executive Marjut Falkstedt described the sector as an 'underestimated part of our climate puzzle' in a statement.
The development finance institution is seeking to understand both the risks and opportunties nature provides, according to sustainability and impact director Kaisa Alavuotunki.