The China-focused fund will follow the model of the original OGCI Climate Investments, which launched in 2017 and lists 25 investments on its website.
Washington State Investment Board has committed more than $1bn to TPG’s four Rise funds since 2017.
The firm has linked 100% of its carry to hitting impact goals and will invest in sustainable companies across the food value chain in the OECD.
With the rise in primary fundraising for sustainable investment, the manager of philanthropic and endowment capital sees the secondaries market following suit.
The Article 9 vehicle has already invested more than half of the €1bn it is initially targeting in a 1GW portfolio spanning Europe and the Americas.
The firm hopes the energy transition vehicle will reach a final close in the next 12-18 months, with a first deal due this year.
Blue Earth is investing $210m of mandate capital alongside its second PG Impact Investments fund – which has closed on $150m – into debt and equity impact fund managers in emerging markets.
The Japanese bank plans to commit up to $120m from its impact strategy.
'Everything starts in a high-income country,' says head of impact investing Jonathan Dean.
ICG Infrastructure Equity 1 is pursuing what the manager calls 'a green generalist strategy aligned to UN Sustainable Development Goals'.