climate solutions

If BCTF reaches its $5bn fundraising target, it could be the largest emerging markets-focused climate impact fund in private markets.

Climate-focused venture funds raised a combined $6.9bn as of August 6, up from $5.2bn for all of 2023, according to Venture Capital Journal research.

TPG will hold first closes on Rise Climate II and Rise Climate Infrastructure this year, says chief executive Jon Winkelried.

The fund was launched in July 2023; as New Private Markets exclusively reported at the time. Gates said in 2022 that it would have a $1bn target.

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.