Fundraising

The trio have teamed up to accelerate and scale regenerative farming practices with a €1bn impact fund that will invest in the enabling process.

The firm has so far committed around $2bn of the $7.3bn fund to deals and has been pleased 'by the scale and persistency of opportunity'.

The fund has made three investments so far: a gym chain, a residential property development and a financial technology business. It 'aspires to change the way institutional capital flows to communities of colour,' says alternatives chief Edwin Conway.

The firm's $100bn climate investment plans are 'a drop in the bucket', says co-president Scott Kleinman.

Brookfield’s Global Transition Fund has raised $750m from the New York State Common Retirement Fund – eclipsing commitments of $300m from the New Jersey Division of Investment and Pennsylvania Public School Employees' Retirement System.

‘We have put our money where our mouth is’ to create impact, but ‘it starts off with the financial KPIs,’ says Apax Impact co-head David Su.

Canadian firm Longbow – which previously focused on oil and gas assets – has closed its first Energy Transition Fund at $141m.

It may be no shocker, but it is still something of a watershed moment.

KKR’s $19bn NA XIII, the largest fund in its history, is the first dedicated fund which will implement employee ownership across all majority-owned companies.

Circularity Capital has closed its second fund – the world’s ‘largest circular economy private equity fund’, according to the firm.