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 investment platform has channeled more than €900m of HNW money into private equity, it says.
The $45.2bn foundation's decarbonisation efforts are likely to focus on private equity holdings and it will consider divesting from oil and gas assets, chief investment officer Nick Moakes tells New Private Markets.
Amy Kennedy, a leveraged finance partner at law firm Akin Gump, describes the development of a market trend that ‘will only continue.'
The $21.7bn French asset manager has hired Rothschild & Co’s former managing director Marc Romano.
The fund, which is believed to be targeting about €500m, is set for a first close before the end of the year.
The company expects to generate more than £100m in revenues this year.
The firm – which is still raising its first dedicated impact fund – is de-listing Italian recycled cartonboard producer RDM.
The $40.5bn superannuation fund allocates more than a quarter of its assets to private markets.