Fundraising

Brookfield and TPG have launched emerging markets-focused climate funds with commitments from ALTÉRRA, the UAE's climate sovereign wealth fund.

The Green Energy Solutions Fund invests in energy efficiency and also received commitments from M&G and The Ireland Strategic Investment Fund.

Active Impact Investments launched its third fund earlier this year and invests in early-stage climate tech.

The Singaporean sovereign wealth fund has committed €200m towards the Italian manager’s latest opportunistic vehicle.

Norrsken22 closed its debut fund at an oversubscribed $205m with support from its namesake foundation to invest primarily in sub-Saharan growth-stage companies.

The new fund will invest in spinouts from UK institutions that help mitigate climate change and biodiversity loss.

Malaysia-based impact firm Bintang is requiring portfolio companies in its next fund to achieve B Corp certification within two years.

Greg Shell, head of the inclusive growth strategy at Goldman Sachs AM, argues that social impact can deliver ‘premium investment returns’.

Portland Private Equity is looking to raise $350m to invest in SMEs in the region.

The profitability of such carbon projects 'is tied to future expectations of carbon prices. And most forecasts are pretty bullish about those,' says Eric Cooperstrom, managing director for impact investing and natural climate solutions at Manulife.