climate

Oregon State Treasury commits up to $20m to the fund, which invests in climate mitigation and adaptation ventures.

Euan Long sits in both the investment and ESG teams.

'There still is a clear distinction between firms that have fully engaged on the climate agenda... and firms who are lagging and not taking much action, but given all the groundwork done in 2022 this group should be able to catch up quickly,' says de Kreij.

GPs have been emphatic about the benefits of the Inflation Reduction Act, but LPs have not 'redrawn the map' on their allocations as a result of the law.

In the last four years, the number of LPs wanting to grow or maintain their exposure to hydrocarbons has increased, according to a survey by Coller Capital.

Far from pulling back on sustainability efforts, clients now see them as a way of driving value through a downturn, says Amara Goeree, Schroders Capital's sustainability director for private equity.

JPMorgan Asset Management's sustainability focused private equity team, which was launched in January, has invested in a technology company for the mining industry.

She will lead on OTPP’s net-zero 2050 target and integrate ESG risks and opportunities in the fund’s investment processes.

Hycube provides renewable energy generation and storage products for homewoners.

As is often the case with investment initiatives in the rapidly evolving climate action space, the deal involves a wide cast of characters and a relatively unusual structure.