KKR’s Global Impact Fund II has received $100m in commitments since its second close in October 2022.
The Article 8, unit-linked product will allow commitments from €5,000.
The debt fund will use a blended model to target foundations, family offices, high-net-worth individuals.
The Article 9 fund will issue corporate loans to businesses providing products or services that use resources more efficiently or reduce pollution.
The Article nine fund exceeded its €350m target, raising 'mainly from large family offices in Europe, Asia and South America', said executive chairman Frédéric de Mévius.
Just Climate’s first fund, a growth equity strategy focusing on industrial decarbonisation, has made its first three investments.
Research from the investment consultant shows the growth in number and size of impact funds in market.
The UK's development finance institution has appointed and Africa head from within, while one of its general partners – Adenia Partners – has raised $300m.
The annex fund was raised amid a rising opportunity set in energy transition, according to managing partner Reuben Munger.
The credit fund and a similarly-focused equity fund are expected to close in 2023, so Blackstone may soon have up to $13bn of dedicated capital for near-term energy transition investing.
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