Bregal Investments has taken a majority stake in PUR Projet, a French company that offers carbon insetting services through agroforestry and environmental projects. PUR will become the first company to join Bregal’s nascent impact platform, Bregal Sphere, the firm said in statement.
“We are excited to be partnering with a mission-driven company such as PUR, as the first step on our journey to launching a dedicated impact platform – Bregal Sphere,” said Alain Carrier, CEO of Bregal.
The Bregal Sphere platform will “look to deploy targeted capital to help address key societal and environmental challenges in a responsible and sustainable way”, the press release states, without going into further detail.
Bregal will partner with PUR to help scale nature-based solutions projects, a relatively new approach to climate action that focuses on protecting and sustainably managing an ecosystem while providing societal or environmental benefits.
Bregal’s investment in PUR comes amid “increasing demands for nature-based solutions projects with strong environmental and societal co-benefits”, the firm said.