The £22 billion UK pension pool has earmarked £1.35bn to climate investments – the largest part of its £4bn private markets investment plan – and is looking at carbon capture technologies and disruptive technologies for hard-to-abate industries.
The Japanese bank plans to commit up to $120m from its impact strategy.
The Illinois-based LP has allocated 22% of portfolio assets to MWDBE-owned firms.
Investor group ILPA will advise Ownership Works as it helps investors develop shared ownership structures at portfolio companies.
A new nonprofit organisation, Ownership Works, is backed by 60+ partners, including several global private equity firms and US pension funds.
Nuveen will invest the Global Impact Fund – which closed below target earlier this year – and TIAA capital in climate resilience for developing markets, New Private Markets understands.
The Clean Growth Fund has closed at £101m with investments from the Merseyside, South Yorkshire and Strathclyde pension funds.
Temasek subsidiary Azalea has launched an ESG fund of funds to back ‘managers committed to investing purposefully to create lasting positive environmental and social impact’.
Itochu and Tokyo Century join the Japan Bank for International Cooperation as investors in Hy24 Partners, a joint venture between Ardian and FiveT Hydrogen.
The foundation is an adviser to Future Planet Capital’s ocean biodiversity VC fund and may become an LP, the fund manager tells New Private Markets.