The credit fund and a similarly-focused equity fund are expected to close in 2023, so Blackstone may soon have up to $13bn of dedicated capital for near-term energy transition investing.
The risks and opportunities associated with nature are a major action item for general partners this year, according to senior ESG and sustainability execs.
Beyond the 'mega theme' of climate investing, KKR is prioritising investments that prepare workers for a changing labour market, says impact co-head Ken Mehlman.
UBS will run a process to move The Norsk Gjenvinning Group into a continuation fund, as secondaries investors are beginning to take a closer look at impact funds.