climate

A GP-led secondaries deal by Energy Capital Partners hints at future opportunities.

The company says it will pull methane up, separate the carbon and 'return the majority of it back deep underground'.

Five years after the US power company's $17bn take-private, the energy-focused firm is rolling about 20% of the existing LPs into a single-asset vehicle.

Investors are looking beyond the immediacy of the climate crisis to a brewing social emergency.

‘Now is the time’, declares Mark Carney, Brookfield’s transition head, as the vehicle becomes the largest private fund of its kind in history.

Institutional Investors Group on Climate Change recommends managers implement the TCFD and set nearer-term targets on the way to net zero by 2050.

The new vehicle, which aims to help drive the global energy transition, will initially focus on Europe, balancing its portfolio over time.

The strategy will focus on climate mitigation and adaptation, and protection of water and biodiversity.

APG, StepStone, CPP Investments and Big Society Capital set the stage for the PERE ESG and Impact Forum with insights into regulation, data gathering and rising social discontent.

Impact firm is targeting $350m for secondaries fund Clean Growth VI and has concluded deploying Clean Growth V.