Eiffel, the world’s 14th-largest impact fund manager, is introducing impact covenants into its loans.
This is GSAM's second climate fund and third fund overall in its Horizon impact platform – following the $1.6bn climate-focused debut and the $1bn-target Inclusive Growth fund currently in market.
NextEnergy Capital has raised £653m following a commitment from London LGPS CIV Limited.
North Sky is the first and most prominent impact fund manager with a dedicated secondaries fund series. Clean Growth VI is 60% invested and its first distributions are scheduled for later this month.
Private capital has started flowing towards climate finance but is unevenly spread across strategies and sectors, leaving a growth equity 'missing middle', finds a research report by CREO.
What do LPs want to see from a GP offering an impact fund?
Impact Expansion makes PE investments in affordable healthcare, adult education environmental protection.
The firm has tweaked the branding compared with its previous fund, but the investment thesis remains the same, according to head of private equity impact Rekha Unnithan.
The firm had hoped to close the fund last year but had to wait for EIF to finalise its comment, fund director Daan van Kassel tells New Private Markets.
'With a larger share of their wallet in cash or public equity that trades at all-time highs, they have ample liquidity to commit to private equity', says co-founder and CEO Jacqueline van den Ende.