The impact investing firm raised €900m for its debut fund in 2021.
Some new LPs joined and existing ones reupped in a process that allowed the European firm to 'test the water' ahead of an ambitious fundraise plan for next year, says managing partner Jean Schmitt.
Legal & General Capital acquired a minority stake in ImpactA Global, which makes SDG-aligned investments into emerging markets infrastructure, earlier this year.
Ara Partners has been scaling rapidly over the past few years, raising nearly double its target for Fund II.
The Article 9 fund will invest in projects to restore forests, wetlands and mangroves in developing countries.
The pioneering impact investment firm has received commitments from US pharma business Eli Lilley and Dutch asset manager Van Lanschot Kempen and says it has raised a 'significant share' of the $1bn target for Fund IV.
The impact manager has received backing from the likes of Big Society Capital and Greater Manchester Combined Authority to address social inequality in the UK.
Private impact credit strategies in emerging markets are ‘resilient, uncorrelated to the broader market’, amid the fundraising squeeze, Blue Earth head of credit Amy Wang says.
The €1bn-target vehicle aims to offer a 'comprehensive and differentiated financing solution to projects and players involved in the energy transition', according to an announcement.
While the climate strategy sits within KKR’s infrastructure vertical, it plans to scale new solutions with growth investments as well as real assets.