Michael Bowen

The DFI's investment portfolio generated $2.2bn last year from equity sales, loan interest and principal receipts.

ETAF is backed by MAS, PIDG and Temasek and has secured debt financing from DBS Bank and Clifford Capital.

The Swedish pension fund has committed $110m to a private credit strategy from the Swiss impact asset management firm.

Foundations and development finance institutions are participating in Zafiri, which starts commercial operations with $176m in capital and expects to have $300m in a year.

The decarbonisation-focused private equity firm could use side pockets or SPVs to help fill the funding gap for companies that have moved beyond venture-stage development, says co-founder Charles Cherington.

CCM and Mission Driven Finance want to raise $100m to provide capital call credit lines to impact-focused and emerging fund managers.

The Toronto-based impact investment firm aims to raise $36m for the new evergreen vehicle, including $11m by the end of the year, says portfolio manager Karolina Iaydjieva.

SEDF would like to see consumer brands move beyond grantmaking to make co-investments or become customers of portfolio companies, according to head of policy and innovative finance Lily Han.

Research from the Chicago-based fund manager says capital concentration could jeopardise funding needed for the energy transition and advises LPs to examine company exposure across different funds.

Recent moves by Lightrock, Nest and Galvanize offer signs that the private credit market is starting to bridge the financing gap, but there is still a long way to go.