Fundraising

Europe's hydrogen targets make it a focus for the fund, with the US in its sights following passage of the Inflation Reduction Act.

Lightrock Climate Impact Fund was oversubscribed, closing €60m above its original hard-cap as LP appetite for impact strategies surges.

The firm hopes to make around 10 fund commitments from the vehicle, as well as a number of co-investments.

The San Francisco-based firm has closed its second fund, beating its fundraising target by $200m.

Victory Hill, founded by former directors of Japan’s Mizuho Group, has increased its debut private fund's target to $500m. It has a growth strategy targeting the cleantech ventures seeded by giant energy corporations.

A new climate growth vehicle, The Drawdown Fund, is putting 50% of its carry on the line as it nears a $100m first close.

Apollo – after hinting at private debt and equity climate funds earlier this year – has registered a climate fund in Luxembourg.

OurCrowd, a venture capital fund manager for individual and institutional investors, has launched an impact fund promoting equitable healthcare access in partnership with the WHO Foundation.

The firm described its new fund as 'the next step in the evolution of AXA IM Alts’ current natural capital offering'.

Impact manager adds ‘upstream’ private equity stakes and developing markets to its fifth infrastructure fund to maintain performance as market returns trend lower.