OTH Capital is seeking $250m for an impact fund, per an SEC filing.
British International Investment has committed $20m to the fund, which has a $400m target.
The fund was launched in partnership with FMO and KfW, and has a $500m target.
The firm expects to wrap up fundraising in the next six to nine months, according to a source close to the fundraise.
The flow of institutional capital into emerging markets is increasing, but the shortfall remains huge.
Deputy chief executive Frederic Giovansili provided an update on the firm's impact strategy on its H1 results call.
Galvanize is tying 30% of its carried interest to sustainability goals, a fund document shows.
Leahy will focus on creating value through sustainability projects within L Catterton's $35 billion portfolio.
Most investors are finding the financial performance of their impact investments are meeting or exceeding expectations, according to a report from Blue Earth Capital.
The supply-demand fundamentals in the sector have also meant more attention from institutional investors.