climate

Decarbonization Partners, led by Meghan Sharp, has already deployed 25% of its late-stage venture and growth equity fund.

Climate change and social injustice are created by 'the same set of behaviours: it's extracting unsustainably from people and the planet', says Rachel Robasciotti.

Blackstone Energy Transition Partners IV was launched in 2022 with a $6bn target, but is expected to close at '$4bn-plus', the firm said last year.

Baker Hughes CEO Lorenzo Simonelli highlights the need to diversify global energy supplies, while Chart Industries CEO Jillian Evanko cites customer demand.

The New Zealand Superannuation Fund committed $100 million to Wellington CIF, a late-venture and early-growth strategy.

The fund's focus on 'driving emissions reductions and energy savings today' filled a gap in the fundraising market, says managing partner Stuart Barkoff.

The fund is approaching its $100m target and will close later this year, according to a statement.

The concept of a 'climate fund' has quickly evolved to span asset classes and strategies.

CDPQ's carbon intensity reduction pathway 'will not necessarily be linear over the next few years', its 2023 sustainable investing report warms.

Rich Lesser is the former CEO of Boston Consulting Group and Jeff Johnson was most recently a managing director at Temasek.