The pension pool is continuing to allocate to climate funds, having recently raised an further £1.2bn from its shareholders.
Emerging markets infrastructure debt has suffered from a 'historic misperception' of risk-return, argue Hannah Gore-Randall and Nicholas Bamber from Legal & General.
The vehicle received a £50m commitment from the South Yorkshire Pensions Authority to hit the fundraising milestone.
The $486bn pension fund has also been targeting diverse and emerging managers to improve returns, pension fund documents show.
Investors in Fund II include the Grantham Foundation for the Protection of the Environment, the Dunn Family Charitable Foundation, Carbon Equity, Builders Vision and New Summit Investments.
A key to the global push is KKR’s newly formed Human Capital Center of Excellence, which will co-ordinate the 'whole effort', Pete Stavros, co-head of global private equity, told Buyouts.
Like the wider private markets industry, the LP community looks white and male, according to a BVCA survey.
The French advisory firm has identified the PE funds with genuine decarbonisation credentials in a market mapping document seen by New Private Markets.
Two different concepts present investors with many of the same challenges and, potentially, the same solutions.
The firm is seeking €140m for what it says is the first Benelux-focused climate buyout vehicle.