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climate solutions
Galvanize is tying 30% of its carried interest to sustainability goals, a fund document shows.
The Singaporean investor believes there is a lack of financing available for 'nascent or maturing climate technologies' that are too mature for venture capital but not ready for infrastructure investment.
Obligo said that it has already deployed capital from the fund into six investments with 'several more in the pipeline'.
The firm, which is backed by a group of oil and gas majors, will market its second early-stage fund as it also establishes a growth equity strategy.
CalPERS – investing $100 billion into climate by 2030 – gives an assessment on opportunities in each asset class.
This is GSAM's second climate fund and third fund overall in its Horizon impact platform – following the $1.6bn climate-focused debut and the $1bn-target Inclusive Growth fund currently in market.
Asset owners and their investment partners have begun in earnest to invest in climate solutions; are they missing a piece of the puzzle?
Private capital has started flowing towards climate finance but is unevenly spread across strategies and sectors, leaving a growth equity 'missing middle', finds a research report by CREO.
Public equity investments comprise the majority of CalPERS' commitments so far.
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.