The $23bn public pension has allocated $160m to previous Capricorn vehicles, including co-investments.
The Lagos-based manager draws on commitments from the Dutch Good Growth Fund and local pension plans, alongside returning investors, to raise $76m for CCAGF II.
Marc-Étienne Mercadier joins the French investment firm to direct growth equity investments in European decarbonisation companies alongside Jean-Patrice Bellier.
The firm has been shaping its approach to climate investment for three years.
A portfolio acquisition this week harks back to a watershed moment in the growth of the secondaries market and may point to growth in impact.
The firm held a €150m first close this week and is in discussions with some large institutions, co-founder Stanislas de Joussineau tells New Private Markets.
Two longtime corporate venture capital investors have joined the firm with a €120m portfolio of climate tech businesses.
Scaling employee ownership cannot be solely the responsibility of young innovators, writes Alison Lingane, founder and CEO of Ownership Capital Lab.
Backed by a €150m cornerstone investment, the British real estate investment manager looks to make €600m in investments through a new platform called European Senior Living.
Much of the money L&G manages isn't able to commit to a standard private credit fund, forcing the firm to get creative, head of EM private credit Jake Harper told New Private Markets.