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.
Co-founder Til Klein describes Identity.vc as 'Europe’s first venture capital fund investing in early-stage LGBTQ+ led start-ups in Europe and beyond'.
The American firm is targeting $650m for its latest environmental restoration strategy that targets wetlands, streams and endangered species habitats.