Atlantic Equity Partners is seeking to raise $150m to invest in hospitality real estate, and has made decarbonisation of its assets a key goal.
The firm is seeking up to €750m to finance projects in continental Europe.
Firm announces the largest fund close by a specialist impact manager, significantly surpassing its $2bn target.
Fund III's investors include CalSTRS, the Grantham Foundation, the University of California, Sobrato Capital, Strategic Investment Group and Northwestern University.
The female-founded VC firm has already made three investments from its second fund.
The firm has made four investments so far and tied a percentage of its carried interest to impact KPIs.
The French manager is targeting €300m for its impact debut, which will link half of its carried interest to impact performance, according to general partner Rémi Said.
Mirova Sustainable Land Fund 2 will invest in agriculture and forestry projects with objectives of climate change adaptation, mitigation and biodiversity preservation.
DFIs and other catalytic investors, which made up most of ResponsAbility's LPs in previous strategies, will form a minority subordinated first-loss tranche for this fund.
The Middle East is positioning itself 'to lead the energy transition', says Shaikh Abdulla, CEO of Bahrain's SWF Mumtalakat, which is anchoring Investcorp's climate fund.