climate

The overall level of climate fundraising has fallen every year since its 2022 peak, according to CREO research to be published on Thursday.

In the latest Sustainability in Private Markets report, BCG and EDCI find that both more sponsor-backed companies are aligned with a net-zero pathway in 2025 and that more do not have a net-zero programme and no plans to set one.

The hires follow the promotion of Jen Braswell to global head of impact last month.

Just Climate unveiled its growth equity strategy, which will primarily focus on Brazil, in May 2025.

Stéphane Villemain will oversee ESG across the firm's private markets business.

Hetal Patel is the third senior sustainability exec since December to leave the firm, which has agreed to acquire rival Aegon UK.

The firm's fundraising success reflects ongoing consolidation in sustainability private markets.

The environmentally focused manager believes aquaculture has a critical role to play in feeding a growing population, partner Milena Torciano said.

It is an area of financial innovation often cited as key to mobilising climate capital, but investors at Climate Week expressed mixed opinions about blended finance.

The sustainability-focused firm has already deployed 80% of the fund's capital.