The fund overdelivered on its £175m target and received commitments from 50 investors.
The insurer has launched a €100m strategy to invest in up to 25 biomethane plants across Spain over a five-year period.
The firm's first impact product closed at the end of 2022 and recently signed its fifth deal.
Around 20 minority stakes in venture-stage climate companies have been moved into an externally-managed continuation fund – an uncommon structure in the secondaries market.
The 'flexible capital' approach of Climate Assets Fund I can be challenging to pitch to LPs, but Just Climate has clearly succeeded: it has closed its debut fund 50% above target.
The bank will make a commitment of A$10m to New Harvest’s Indigenous Impact Investment Fund, attracted by its potential to support sustainable Indigenous Australian business growth.
Many investors prefer individual mandates to invest in specific sustainability themes rather than pooled impact funds, says Hamilton Lane's co-head of impact, David Helgerson.
The UK-focused manager credits the 'positive social impact’ of its funds and its B Corp status for its largest fundraise yet.
The Investi Fund, which has a C$1bn target, has received expressions of interest from 10 Canadian investors.
Partners Group was one of the earliest private equity giants to enter the impact space, raising $500m for its 2018-vintage PG Life I.