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AXA IM Alts, one of the world's largest managers of private markets impact capital, has bought ClimateSeed from BNP Paribas.
The investment platform has channeled more than €900m of HNW money into private equity, it says.
The company expects to generate more than £100m in revenues this year.
The firm – which is still raising its first dedicated impact fund – is de-listing Italian recycled cartonboard producer RDM.
Next year our proprietary ranking of the largest impact managers in private markets will look totally different.
The new diversity head at CalPERS will be involved in manager selection and monitoring.
The newly established Sustainable Investment Group has raised more than $800m to invest in a market segment where valuations 'are a lot more forgiving' than other parts of private markets, says partner Ken Pontarelli.
If mid-market firms are doing nothing on diversity, they are not alone... but they are in the minority.
The foundation will receive 'up to 5% of the annualised net performance income' from certain Ares funds as well as employee donations.
Marlene Timberlake D'Adamo moves into the position, having been chief compliance officer.