climate

The firm hopes to make around 10 fund commitments from the vehicle, as well as a number of co-investments.

Pension schemes may be put off illiquid investments, harming government ambitions to push investment in green infra and renewables.

The San Francisco-based firm has closed its second fund, beating its fundraising target by $200m.

Teresa O’Flynn has moved to specialist impact firm Ara Partners after being a founding team member of BlackRock and Temasek’s joint venture, Decarbonisation Partners.

As managers shift to focus on near-term challenges, sustainability and social impact goals are at risk of being deprioritised.

Manasi Desai has joined Ara Partners, an impact buyout firm focused on decarbonising the industrial sector.

Speaking at SuperReturn Asia in Singapore last month, senior executives from PSP and Hamilton Lane said investors may consider allocating to climate strategies from a dedicated pool of capital.

A new climate growth vehicle, The Drawdown Fund, is putting 50% of its carry on the line as it nears a $100m first close.

NZAOA will release a private equity net zero target setting protocol for LPs and provide guidance on pushing GPs to decarbonise, New Private Markets understands.

The pension says its primary focus will be on high-emitting sectors such as power generation, heavy industry, mining and transportation.