climate solutions

Some new LPs joined and existing ones reupped in a process that allowed the European firm to 'test the water' ahead of an ambitious fundraise plan for next year, says managing partner Jean Schmitt.

Morrison & Co’s Steven Fitzgerald said the investment is consistent with its decarbonisation thematic and ‘fundamentally’ has the characteristics of infrastructure.

Ara Partners has been scaling rapidly over the past few years, raising nearly double its target for Fund II.

The Article 9 fund will invest in projects to restore forests, wetlands and mangroves in developing countries.

Transport and energy systems require the most investment for us to reach net zero globally by 2050, a study by the Climate Policy Initiative and Allen & Overy has found.

The €1bn-target vehicle aims to offer a 'comprehensive and differentiated financing solution to projects and players involved in the energy transition', according to an announcement.

While the climate strategy sits within KKR’s infrastructure vertical, it plans to scale new solutions with growth investments as well as real assets.

Fund II has already raised nearly half its target and is expected to wrap up in the fourth quarter of this year.

Despite wider fundraising challenges, sustainable strategies are still pulling in institutional capital, says Shane Swords, managing director and global head of investor relations at NextEnergy Capital.

The firm will invest growth capital in companies supporting emissions avoidance in agriculture and emissions sequestration via natural assets.