The firm is the first to break the €1bn barrier, but others could soon follow.
The Lagos-based manager draws on commitments from the Dutch Good Growth Fund and local pension plans, alongside returning investors, to raise $76m for CCAGF II.
The firm has been shaping its approach to climate investment for three years.
The firm held a €150m first close this week and is in discussions with some large institutions, co-founder Stanislas de Joussineau tells New Private Markets.
Backed by a €150m cornerstone investment, the British real estate investment manager looks to make €600m in investments through a new platform called European Senior Living.
NGC has now amassed $3bn in commitments since it started the fund series in 2023.
New York-based renewable energy investment firm holds first close on its largest fund yet and is heading to Europe and Asia to bring in the capital needed to more than double the size of its previous vehicle, says CEO Peter Davidson.
Blended finance kept up a steady fundraising pace in the first half of 2026, but backers say the market has not solved the incentive issues that hold it back from gaining scale.
LPs committing to the new ocean-focused fund include Finnish family owned investment company Aboa Advest, US multifamily office Adamo Capital and Swiss investment holding company ARGOng Investment AG.
MMV has another $150m for early-stage climate investments in North America.