JPMorgan Asset Management's sustainability focused private equity team, which was launched in January, has invested in a technology company for the mining industry.
Hycube provides renewable energy generation and storage products for homewoners.
As is often the case with investment initiatives in the rapidly evolving climate action space, the deal involves a wide cast of characters and a relatively unusual structure.
Red chairs around tables in an office
Nornorm, which has raised €110m from investors including Verdane's Idun impact fund, bases its business model on redeploying office furniture to reduce waste.
The coupon changes depending on the borrower's performance on water use, material waste and carbon emissions.
'This decarbonisation movement is truly the biggest generational opportunity for the infrastructure asset class that will be in front of us over the next couple of decades,' George Yong says.
The project aligns with NREP's target of becoming 100% carbon neutral by 2028, without external offsets.
CF Pathways provides green energy and net-zero related services to more than 5,000 large industrial customers across Europe.
The impact investment firm leverages 'complicated government subsidy programmes' in its pursuit of smaller deals, and says it is on track to create 'the largest clean energy portfolio serving low and moderate income communities in the country'.
Bregal Sphere has made its debut with a natural capital investment, putting this 'increasingly important asset class' at the centre of the firm's new impact strategy.
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