Fundraising

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.

French sustainability-themed fund manager has closed Territoires Innovants 3 at €150m, with 75% of the fund earmarked for PE and secondary fund investments.

A quarter of the team's carried interest will be contingent on the fund's portfolio companies meeting carbon reduction targets.

‘We want to give businesses the support they need to make this transition’, says Guy Cormier, chief executive of Desjardins, which is an LP in Idealist Capital’s debut climate fund.

Natixis subsidiary’s €300m-target fund qualifies as an ELTIF as the firm ‘aims to participate in the accelerated democratisation of private equity’.

Energy Impact Partners – the world’s 13th biggest impact fund manager – has closed a European fund at €390 million with commitments from APG and the Abu Dhabi Investment Authority.