The firm is working on two strategies – one for institutional investors that will target farmland and timberland assets, and one that will focus on corporates and their carbon offset needs.
The fund was unveiled last year by the private market affiliate of Xponance and Investcorp’s Strategic Capital Group to support diversity, equity and inclusion in the alternative asset industry.
Aavishkaar, a Mumbai-headquartered impact firm, will make equity and debt investments to improve companies’ ESG standards.
The bank’s asset management division committed $150m to anchor a new strategy targeting growth-stage climate companies.
Not for the first time, half of the carried interest the SWEN team stands to earn is contingent on achieving targets relating to environmental and social factors.
Today the Nordic sustainability-focused PE firm announced a €2.3bn fund close and an expansion of its investment remit.
Large corporations are working with the firm to find promising climate tech solutions.
The European impact debutant – backed by a Belgian brewing family – has made three investments so far, including one this week in data centre energy efficiency company Submer.
The impact manager waits for regulatory approval and begins to plan Fund IV.
EverSource – a joint venture between BP subsidiary Lightsource BP and India’s Everstone Group – closes its Green Growth Equity Fund at $741m.