Kirk Falconer
If 20% of expected climate investment is accounted for by private markets, TPG executive chairman Jim Coulter says, 'spending... will be bigger than the entire private equity industry is today'.
A key to the global push is KKR’s newly formed Human Capital Center of Excellence, which will co-ordinate the 'whole effort', Pete Stavros, co-head of global private equity, told Buyouts.
Impact Engine operates as an “impact LP”, deploying most of its capital to the funds of emerging and established buyout and growth equity GPs with an impact focus.
Fund II has already raised nearly half its target and is expected to wrap up in the fourth quarter of this year.
McKinsey's 2023 report found a continuing yawning gap for gender parity in senior investment roles and uneven progress for ethnic and racial minorities.
Opening its doors in January 2022, Greenbelt targets sectors such as renewable generation, grid enablement, energy efficiency and electrification.
There are signs that workers are more often figuring into value creation plans as GPs explore shared ownership models.
The firm's targets include everything from a former VC-backed tech start-up to the division of a major Fortune 100 business.
Fund I is expected to wrap up 'in the next few months', sources told affiliate title Buyouts.
A dedicated programme is expected in the third quarter, co-president Scott Kleinman said in the firm’s Q1 2023 earnings call.