The firm has tweaked the branding compared with its previous fund, but the investment thesis remains the same, according to head of private equity impact Rekha Unnithan.
The firm had hoped to close the fund last year but had to wait for EIF to finalise its comment, fund director Daan van Kassel tells New Private Markets.
Public equity investments comprise the majority of CalPERS' commitments so far.
A climate scenario analysis revealed water stress to be a 'transversal issue across the portfolio', according to sustainability head Shami Nissan.
Many LGBTQ+ people in private markets do not feel comfortable coming out in the workplace – and this is a distraction from them performing at their best, says Alberto Padilla Rivera, co-founder and co-chair of Out Investors.
TowerBrook Delta was launched in 2021 and has so far raised $300m; LiftWerx, an up-tower crane technology company servicing wind turbines, is its third deal.
A handful of private equity firms have set portfolio-wide net-zero targets, although many firms consider this too ambitious or too sweeping. Bain's approach can be seen as a middle ground.
The firm's UK Impact Fund will be among the first to adopt the label when the labelling regime comes into force at the end of the month.
The real estate firm has acquired a London retail park and plans to make a number of sustainability improvements.
If 20% of expected climate investment is accounted for by private markets, TPG executive chairman Jim Coulter says, 'spending... will be bigger than the entire private equity industry is today'.