The Gates Foundation’s climate venture fund raised $1.25bn for its second vintage in 2021 and $1bn for its first vintage in 2019 from billionaires including Jeff Bezos, Mukesh Ambani, Michael Bloomberg, Richard Branson and George Soros.
Investors in the first close for Yosemite's debut fund include Emerson Collective, The Rockefeller University, Memorial Sloan Kettering Cancer Center and venture capitalist John Doerr.
The fund is understood to have a $3 billion target and was launched in February 2023.
The impact-focused venture capital firm is seeking to launch a new national university fund alongside the investment arm of Timpson Group.
Ocean 14 Capital has received a €20m commitment from Convex for its debut fund.
Energize Capital, a climate software venture firm, has raised $300m for its second growth fund, bringing its total assets under management to $1.2bn.
While TPG and EQT have warned of slowing fundraises for their impact strategies, Tikehau’s ambitions are untempered by the macroeconomic environment.
Amid a ‘much more difficult’ fundraising environment for oil and gas production strategies, the Tomorrow Fund has raised $1bn at first close for its first fund.
Yes, raising impact capital is as tough and slow as our inaugural fundraising report suggests, but it is not all bad news.
'The market opportunity remains unprecedented, but trillions of rands of investment are still required to develop sustainable infrastructure across South Africa,' the firm said in a statement.