The American firm is targeting $650m for its latest environmental restoration strategy that targets wetlands, streams and endangered species habitats.
Crown Impact II is the successor to a $550m vehicle raised in 2022.
The firm is linking 20% of its carried interest to impact KPIs; if these are not met, then unearned carry will be donated to a non-profit.
The firm has done its first adaptation deal and expects to do more, according to general partner David Frykman.
The firm closed its first fund, which invests in renewable energy infrastructure in India, at $741m in 2022.
The ageing of the population is 'the most uncontroversial transformation happening now to our society', says Bruce Simpson, partner of AgeTech Capital.
The role oceans play in food systems could pave the way for more investment in the space, founder Chris Gorell Barnes told New Private Markets after the firm closed its debut fund at €201m.
Middle Eastern institutions have been committing billions of dollars to climate funds: ALTÉRRA has committed $6bn to funds managed by TPG, BlackRock and Brookfield, while Investcorp's decarbonisation fund is anchored by Bahrain's Mumtalakat.
The firm, an ESG early adopter, has raised more than €400m for its Compass Fund.
Arjun Infrastructure Partners head of ESG Rhyadd Keaney-Watkins shares his notes following the firm's recent fundraise.