Charles Avery

The new product, which will invest in wind and solar assets, follows the climate fund unveiled by the firm last year.

Permira is the latest GP to have its targets validated, as other firms work to integrate the initiative into their ESG strategies.

The firm's latest and largest fund will have diversity targets for portfolio company leadership teams, according to partner Nnennia Ejebe.

Diane Damskey, who was head of secretariat for the Impact Principles since its inception, will work as an independent consultant.

The firm confirmed it is looking to raise more than the $15bn amassed by the BGTF I, with fundraising expected to conclude in Q3 2024.

The firm has launched a seed fund and a climate growth fund, and has already made 10 investments, according to founder Tommy Stadlen.

Private equity decarbonisation strategies are becoming more common, but it is important to make sure they are the genuine article, according to Matteo Squilloni.

The firm's Green Transition Fund will reach a final close in July, according to managing director Valerio Camerano.

Cross-Border Impact Ventures has closed its first fund with backing from Skoll Foundation, Guy’s & St Thomas’ Foundation and KfW.

There are 753 funds looking to deliver impact in frontier markets, according to Tameo.