SBI Holdings will provide $40m to anchor Novastar Venture's upcoming funds, according to a press release.
The vehicle, which seeks to tackle regional inequality in the UK, has made 15 investments so far, CEO Duncan Johnson said.
Palatine was one of the earliest movers in impact investing: its impact strategy launched in 2016, the same year Bain Capital Double Impact and TPG Rise launched.
Managed in collaboration with FinDev Canada, the loan fund is yet to launch but has readied commitments of over $500m, according to a source.
The impact specialist has committed to AIIM's fourth fund, which is targeting investments in digital infrastructure, energy transition and mobility subsectors.
The strategy has a strong energy transition theme which has helped it attract commitments from wealth investors, says infrastructure co-head Tavis Cannell.
The Clean Hydrogen Equipment fund has a target of around €500m and will invest in technology companies supporting the ecosystem around hydrogen power, New Private Markets has learned.
The fund, called Generations Powered by EDHEC, will invest in 'socially and environmentally responsible start-ups'.
With $23bn raised by new climate funds so far in 2023, the largest increase in the number of funds has been in smaller vehicles under $50m.
Longer-hold funds and new strategies are taking longer to fundraise, says head of business development Gustav Segerberg.