Snehal Shah

Urban decarbonisation VC 2150, incubated by Nordic real estate manager NREP, closed its first fund on €268m in 2021 – the largest known VC fund in this sector.

A handful of firms – including Carlyle, EQT, Eurazeo, Cinven and ICG – have been self-imposing financial incentives for improved sustainability performance. Astorg’s facility is among the largest.

The PRI suggests LPs ask about pre-investment screenings, post-investment monitoring and how the firm analyses the impact of its ESG approach on financial performance.

This merger marks further cohesion among the plethora of sustainability reporting standards and frameworks available for asset managers.

Republican states’ pension and permanent funds are invested in the Impact 50’s funds – despite the ESG backlash from their governors.

Eiffel is the world’s 14th biggest impact fund manager, with $3.25bn raised across nine private equity, debt and infrastructure funds in five years.

Investors are looking for signs of a truly inclusive culture, according to a panel of LPs at PEI Group’s Women In Private Markets Forum: North America this week.

The asset owner sees a lack of social impact frameworks in the industry, one of its investors said at PEI Group’s Women In Private Markets Summit: North America this week.

Socially positive features in buildings can attract investors in today’s highly competitive fundraising market, said an investment consultant.

A number of US investors have programmes aimed at backing underrepresented groups.