The firm received a £50 million commitment from the UK Infrastructure Bank, according to a statement.
Avanath has pivoted from managing a series of closed-end affordable housing funds to a single evergreen fund.
CFES 2 is a multi-strategy impact fund, NPM has learned – the latest in a handful of climate and impact funds with secondaries strategies.
The firm says it now has €5.3bn-worth of assets under management 'dedicated to impact'.
EQT Future, which closed at €3bn last week, shows how far the impact investing trend has come, and how far it has yet to go.
The firm is looking to raise $1bn for its latest offering, according to a source familiar with the fundraise.
Climate Fund for Nature has a target of €350m and has received commitments from several corporates.
The Regional Transmission Infrastructure Financing Facility invests in energy transmission in southern Africa.
Despite missing its target, the firm is 'really excited' to have raised the largest generalist impact fund on record, says head of impact Jen Braswell.
Edda III, though not explicitly an impact strategy, applies the firm's thematic decabonisation focus, according to investor relations head Frida Einarson.