climate

Measuring the impact of the escalating climate crisis on commercial real estate is becoming imperative but the sector is still learning how to do it.

Argos Wityu has reached a first close at €120m for its impact fund focused on decarbonising the real economy.

Nicole Vermeulen will support due diligence and asset management for Hy24’s €2bn infrastructure fund, having spent 10 years in project and supply chain management roles at Shell.

Decarbonization Partners’ first fund, launched in March 2021, has a $1bn target.

Blackstone Energy Transition Partners IV, an Article 8 fund, has raised $3.3bn.

The Net Zero Asset Owners Alliance has released a draft private debt protocol requiring members to set decarbonisation targets for private debt funds from 2025.

Demand for climate funds remains robust despite the slower market, according to partner Umur Hursever and head of impact Marc Moser.

The firm has hired three new partners to its infrastructure platform, and registered the KKR Global Climate Fund, to kick off its unorthodox climate business.

State-backed investment company, Permodalan Nasional Berhad, sees the EDCI as a route to more consistent emissions data gathering.

Opening its doors in January 2022, Greenbelt targets sectors such as renewable generation, grid enablement, energy efficiency and electrification.