Not for the first time, half of the carried interest the SWEN team stands to earn is contingent on achieving targets relating to environmental and social factors.
Blackstone, KKR, CVC and Palatine have all made acquisitions to ride the wave of growth in ESG measurement, reporting and consulting services.
Today the Nordic sustainability-focused PE firm announced a €2.3bn fund close and an expansion of its investment remit.
'The integration of ESG factors into leveraged finance investing is continuing at pace, evolving to be much closer to that of public equity markets,' said ELFA chief executive officer Sabrina Fox.
Large corporations are working with the firm to find promising climate tech solutions.
Bengt Hellström, former head of alternative investments at AP3 and partner at EQT, will be vetting sustainable funds at Worthwhile Capital.
The European impact debutant – backed by a Belgian brewing family – has made three investments so far, including one this week in data centre energy efficiency company Submer.
The impact manager waits for regulatory approval and begins to plan Fund IV.
The private equity association was in talks to cooperate with the Data Convergence Project led by CalPERS and Carlyle, but is now developing its own framework.
EverSource – a joint venture between BP subsidiary Lightsource BP and India’s Everstone Group – closes its Green Growth Equity Fund at $741m.
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