Deals

A $26m investment in UrbanVolt brings the number of deals from the Idun fund to 11.

Following the CI investment, Trace Carbon Solutions will have over $420m of equity capital commitments from Quantum Capital Group, CI and Trace Management.

A-Gas, acquired by KKR’s fourth European buyout fund in 2017, supplies refrigerant gases and manages their lifecycle, including recovery, re-use and disposal.

KKR has achieved a 6x average return across three companies where it has implemented employee ownership schemes.

Allianz Capital Partners is injecting €20m of capital and has an option to invest in the pipeline of projects.

Carbon Upcycling's technology is most immediately applicable to cement and concrete manufacturing.

An equal partnership with indigenous groups aims to create new infrastructure in remote Australia that benefits Aboriginal people and takes a different approach to First Nations consultation and consent.

Sustainable Solutions Fund IV, which closed at $1.7bn last year, has led a $150m funding round for data management company OneTrust.

The firm has invested $49m in reforestation projects managed by Mombak, in which it has also taken an equity stake.

CarbonCure’s Series F funding round is a sign that carbon capture technology – a popular theme among climate funds – is scaling out of the venture stage.