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.
The impact manager’s strategy to construct clean, efficient infrastructure in underinvested communities has raised $200m.
Nordic private equity firm Verdane has raised €300m to scale technology companies and create ‘disproportionate impact’, says Verdane partner Frida Einarson.
Blue Earth Capital’s climate growth strategy is backed by Partners Group co-founder Urs Wietlisbach and Union Bancaire Privée.