The fund will follow a growth equity strategy targeting European, Latin American and Indian companies focused on 'impact themes of people, planet and productivity’.
AXA IM Alts, one of the world's largest managers of private markets impact capital, has bought ClimateSeed from BNP Paribas.
The net zero asset managers initiative, which sees asset managers commit to carbon neutrality across their portfolios by 2050, has 41 new signatories. There was a 'marked uptick' in Asian managers joining, says the initiative.
The fund, which is believed to be targeting about €500m, is set for a first close before the end of the year.
The firm – which is still raising its first dedicated impact fund – is de-listing Italian recycled cartonboard producer RDM.
Dimension Renewable Energy is building small-scale solar projects in lower-to-mid-market communities lacking access to clean energy generation.
The venture community’s use of ‘pattern matching’ past successes to find the next big opportunity has excluded many female- and diverse-owned start-ups from raising capital.
Next year our proprietary ranking of the largest impact managers in private markets will look totally different.
Our inaugural list of the world's largest impact managers in private markets contains specialists from private equity, private debt, private infrastructure and real estate. It promises to be controversial.
The newly established Sustainable Investment Group has raised more than $800m to invest in a market segment where valuations 'are a lot more forgiving' than other parts of private markets, says partner Ken Pontarelli.