climate solutions

CalPERS has a $100bn allocation to climate solutions – and is looking at its existing investment partners for climate-related opportunities – while APG has a domestic Dutch programme for transitioning local businesses.

The firm is raising $500m for the fund, which has both an impact hurdle and a financial hurdle.

Brookfield president Connor Teskey sounded resoundingly positive notes about fundraising for the firm's various strategies, including its two climate funds in market.

The landmark deal is the first between an asset manager and a tech giant, and it has ‘potential to expand’, according to Brookfield Renewable’s US CEO, Stephen Gallagher.

There is substantial appetite for impact among smaller, regional European pension funds, according to Zebra Impact Ventures co-founder Fabio Sofia.

'If you have a very clear set of objectives you’re trying to achieve, it is much harder to deliver them through blind pools,' CEO Angus Whiteley tells New Private Markets.

The strategy, which is targeting €1bn, has found early favour with LPs, with more than 20 already on board.

Decarbonization Partners, led by Meghan Sharp, has already deployed 25% of its late-stage venture and growth equity fund.

A detailed list of climate-focused venture capital funds raised since January 2022.

Blackstone Energy Transition Partners IV was launched in 2022 with a $6bn target, but is expected to close at '$4bn-plus', the firm said last year.