Private markets capital is being sucked up by established managers, but LPs are making room for one type of first-time fund: the sustainable one.
This puts the firm halfway towards a target of $400m.
In the year that COP 26 drew the world's attention to the climate crisis, private markets firms of all sizes and types were trying to raise climate funds.
Cross-Border Impact Ventures has a target of $100m.
The firm has previously said it will link the fund's fees to sustainability goals.
Six new firms have entered our list of the 20 largest private markets impact managers, as we provide an interim update to our research amid the fast-moving impact fundraising market.
The impact investor has previously raised a seed fund, a VC fund and created the LiveKindly Collective, a $1bn roll-up of brands in the alternative protein sector.
The private markets heavyweight has made its second investment under the impact banner, buying a company that makes in-car breathalysers.
Terms, conditions and strategy information for the first private markets impact fund for BMO GAM.
Early stage private equity is seen as ‘the most natural way to create impact’ says James Gifford of Credit Suisse, which has launched two impact investing vehicles for wealth clients this year.