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.
Impact Engine operates as an “impact LP”, deploying most of its capital to the funds of emerging and established buyout and growth equity GPs with an impact focus.
CM Venture Capital plans to seek at least $100m to invest in China, the US and the UK.
Apollo closed its debut Impact Mission Fund on about $1bn in 2022, the firm said at the time.
WovenEarth Ventures announced it has closed its inaugural fund of funds on its hard-cap of $152m.
The $17bn manager has partnered with climate investor Turquoise to launch its first venture capital fund.
Opale Capital has a mandate to invest in climate funds from its growth buyout strategy.
The biodiversity strategy is the first of three sector-specific funds the firm is introducing alongside its diversified sustainable infrastructure strategy, according to sustainable infrastructure managing director Peter Bachmann.
The firm’s Fund II received a €20m commitment from the European Investment Fund.