investor allocations

UPP's climate solutions investment target is proportionally large: the institution has C$11.7 billion in assets.

The California pension plan’s backing of the vehicle marks its first investment with the New York-based manager.

Panellists discussed the feasibility of constructing a portfolio entirely focused on impact at Impact Investor Global Summit last week.

Middle Eastern institutions have been committing billions of dollars to climate funds: ALTÉRRA has committed $6bn to funds managed by TPG, BlackRock and Brookfield, while Investcorp's decarbonisation fund is anchored by Bahrain's Mumtalakat.

While European PE and infrastructure are faring well, appetite for emerging markets has not improved, according to panellists at Impact Investor Global Summit in London.

The fund, managed by Incofin, is seeking up to $70m to invest in sub-Saharan Africa and South and Southeast Asia.

Sustainability and value are 'very integrated', explains Christopher Metrakos, head of natural resources at the C$248bn pension fund.

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

The European Investment Fund has anchored the Article 9 impact fund, which will provide senior debt to agricultural businesses using sustainable practices.

Most foundations separate their investment portfolios from their philanthropy and impact work - leaving $1.14trn of impact potential 'on the table', according to Capricorn Investment Group.