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'.
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.