The Connecticut-based private equity firm raises $640m for energy transition buyouts with around one-third of the commitments coming from Europe and Asia, says managing director Mark Lewis.
New LPs include Dutch, Norwegian and Danish impact investment firms, venture investors and individual venture capitalists.
New limited partners in the sophomore fund include The Health Foundation, Esmée Fairbairn Foundation and Vivensa Foundation, as well as some family offices.
With an average of 30 months spent on the road, the private markets impact funds that held final closes in Q1 have worked hard to prove the economic viability and reslience of their strategies.
Bain was one of the first generalist private equity firms to move into impact investing.
View the latest update to our impact fundraising data and download the associated spreadsheet.
Impact Earth co-founder Vincent Gradt used his time on stage at ChangeNOW in Paris to share details of the firm's latest offering.
Archipelago Ventures was founded by Lucy Mortimer and Justin Guest in 2020.
Conduit Connect is the investment arm of The Conduit, a private members' club for people interested in creating positive social, environmental and economic change.
The manager behind PIDG’s Emerging Africa and Asia Infrastructure Fund also wants to see its Emerging Markets Transition Debt strategy scaled to $5bn.