fund economics

Impact-linked carry 'takes up too much internal bandwidth' at a firm, according to an institutional investor at PEI Group's Responsible Investment Forum in New York last week.

WovenEarth Ventures announced it has closed its inaugural fund of funds on its hard-cap of $152m.

The firm's green transition and social infrastructure funds have each raised €1bn, reflecting LP demand for sustainability, infrastructure and private debt.

The venture capital firm focused on early-stage climate tech companies in North America and Europe has closed its inaugural select fund.

GPs see a number of benefits to tying their remuneration to impact KPIs, according to a report from The ImPact.

There are some key questions to consider when trying to tie financial incentives to impact or ESG outcomes, write Charmaine Tam and Karen Chao from law firm Goodwin.

The French manager is targeting €300m for its impact debut, which will link half of its carried interest to impact performance, according to general partner Rémi Said.

UK and German governments commit £9 million and €33 million respectively.

The new platform lists afour-person leadership team, chaired by Sultan Ahmed Al Jaber.

The firm has proposed an amendment to the £466m vehicle that will put sustainability improvement and decarbonisation at the core of the strategy.