The firm will be run by an interim leadership team while a permanent replacement is sought.
Energy transition and resource efficiency are two key themes for the Norwegian private equity firm.
The Italian GP has completed a process that affiliate title Secondaries Investor first reported on last month.
Among various climate-related initatives, the firm is aiming to develop an avoided emissions methodology, says head of ESG Adinah Shackleton.
The firm is seeking to make use of the information gathered for its risk assessments, according to director for sustainability James Magor.
CEO Tord Stallvik says 2024 was the right time for Redwheel, traditionally a public markets manager, to take its sustainability focus into private equity.
Last week, Investcorp Strategic Capital Group announced it had joined Ownership Works, making it the shared ownership organisation's first GP staking partner.
The wider BNP Paribas group has provided an anchor commitment of €400m, according to a statement.
Current approaches to energy efficiency are ignoring the most carbon-intensive area of data centre operations, according to the environment-focused manager.
A group of VC firms have produced a handbook for firms looking to apply EIF's gamma model.