Snehal Shah

Oregon State Treasury commits up to $20m to the fund, which invests in climate mitigation and adaptation ventures.

Australia’s Barrenjoey is managing a vehicle that will invest in private credit funds managed by Partners Group, Varde Partners, Hayfin, PAG and Bain Capital.

A new fund labelling regime will separate ‘sustainable’, ‘improver’ and ‘impact’ funds, say Herbert Smith Freehills’ Shantanu Naravane and Rebecca Perlman.

JPMorgan Asset Management's sustainability focused private equity team, which was launched in January, has invested in a technology company for the mining industry.

She will lead on OTPP’s net-zero 2050 target and integrate ESG risks and opportunities in the fund’s investment processes.

Nornorm, which has raised €110m from investors including Verdane's Idun impact fund, bases its business model on redeploying office furniture to reduce waste.

Creation’s fifth fund, a private equity strategy ‘improving the lives of the unbanked and underbanked across emerging markets’, has closed at $270m.

Ardian’s profit sharing programmes for buyout portfolio companies are ‘an important element of our license to operate’, says deputy head of buyout funds Thibault Basquin.

The pension is developing a charter for the ESG committee and has appointed Funston Advisory Services to support this.

Despite many private fund investors slowing their pace of allocations, there are a handful of reasons for those raising impact capital to be more optimistic than their mainstream peers.