climate

In brief: Union Square Ventures closes second climate fund at $200m

Oregon State Treasury commits up to $20m to the fund, which invests in climate mitigation and adaptation ventures.

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Union Square Ventures has closed its second climate fund at $200 million. The fund invests in both climate mitigation and adaptation ventures, having inked deals globally in sectors such as nuclear power, electric vehicles, retail electricity, waste fuel, e-fuel, soil and forest measurement, organic carbon removal, inorganic carbon capture and flooding prediction and analysis, USV announced.

The fund drew a commitment of “up to $20 million” from Oregon State Treasury, according to the state pension’s meeting notes in July.