climate solutions

Obligo said that it has already deployed capital from the fund into six investments with 'several more in the pipeline'.

The firm, which is backed by a group of oil and gas majors, will market its second early-stage fund as it also establishes a growth equity strategy.

CalPERS – investing $100 billion into climate by 2030 – gives an assessment on opportunities in each asset class.

This is GSAM's second climate fund and third fund overall in its Horizon impact platform – following the $1.6bn climate-focused debut and the $1bn-target Inclusive Growth fund currently in market.

Asset owners and their investment partners have begun in earnest to invest in climate solutions; are they missing a piece of the puzzle?

Private capital has started flowing towards climate finance but is unevenly spread across strategies and sectors, leaving a growth equity 'missing middle', finds a research report by CREO.

Public equity investments comprise the majority of CalPERS' commitments so far.

TowerBrook Delta was launched in 2021 and has so far raised $300m; LiftWerx, an up-tower crane technology company servicing wind turbines, is its third deal.

If 20% of expected climate investment is accounted for by private markets, TPG executive chairman Jim Coulter says, 'spending... will be bigger than the entire private equity industry is today'.

'With a larger share of their wallet in cash or public equity that trades at all-time highs, they have ample liquidity to commit to private equity', says co-founder and CEO Jacqueline van den Ende.