A portfolio acquisition this week harks back to a watershed moment in the growth of the secondaries market and may point to growth in impact.
Two longtime corporate venture capital investors have joined the firm with a €120m portfolio of climate tech businesses.
The firm invested in the Kauvery Hospitals in 2019.
The White House is reviewing a rule that bars retirement plans from weighing 'social causes' in investment decisions. Sources hope for a balanced approach, but fear the new rule may have a chilling effect on private markets.
The transaction, conducted through FiM's debt issuance platform, marks the first time such a structure has been implemented in connection with an Article 9 blended finance strategy, according to the firm.
AiDASH uses satellite technology to help utilities companies manage interruption to their power lines caused by vegetation.
The firm projects returns from the UK's biodiversity net gain framework of around £17m over 10 years.
It is the second deal under Permira's energy transition strategy, previously known as the climate investment strategy.
The firm will sell its interest Cap Vert to Gimv, according to a statement.
A number of managers in the nascent impact debt world are now making investments.