Bridge Investment Group has launched its third fund in the sector after its predecessor closed on $1.74bn in 2022.
The California pension plan’s backing of the vehicle marks its first investment with the New York-based manager.
A first close is earmarked for later this year, which could see the vehicle raise about half of its targeted capital.
Rive Private Investment has received €100m for its impact infra fund, which invests in SMEs along the transition value chain.
Secondaries investors – like Kline Hill Partners and North Sky Capital – can make primary fund commitments for a number of reasons.
The pension pool is continuing to allocate to climate funds, having recently raised an further £1.2bn from its shareholders.
The vehicle received a £50m commitment from the South Yorkshire Pensions Authority to hit the fundraising milestone.
Investors in Fund II include the Grantham Foundation for the Protection of the Environment, the Dunn Family Charitable Foundation, Carbon Equity, Builders Vision and New Summit Investments.
The firm is seeking €140m for what it says is the first Benelux-focused climate buyout vehicle.
Co-founder Til Klein describes Identity.vc as 'Europe’s first venture capital fund investing in early-stage LGBTQ+ led start-ups in Europe and beyond'.