financial returns

Unusual and innovative structures by TPG, Legal & General, Blue Earth and ILX reduce the risk inherent in emerging markets for commercial institutional investors and help them capture more of the upside.

From a financial performance standpoint, early impact funds from Bain Capital, KKR and TPG are shaping up well; but there is still much to prove.

With private equity impact funds launched by TPG, Bain Capital and KKR now maturing, a picture of generalist private equity impact returns is starting to emerge.

Ambienta is in market with Sustainable Credit Opportunities, an Article 9 impact fund with a €500 million target.

Private wealth, which occupies an increasingly large segment of private markets fundraising, is more inclined to prioritise impact over financial returns, say experts, particularly as the next generation takes over.

The firm has held a $100m first close on a strategy that promises to mobilize $5.6 for every dollar spent.

'We're giving up a little bit of return for a lot of impact,' Adirondack Capital Managers managing director Caitlin Haught told NPM.

Sustainability and value are 'very integrated', explains Christopher Metrakos, head of natural resources at the C$248bn pension fund.

The global head of the insurer’s alternative business says performance is the top priority as it works to decarbonise its €85bn real estate portfolio.

'Flexible investing' funds come in all shapes and sizes - but, as fund managers recognise the need to scale new solutions to mitigate climate change, almost every 'flexible' climate fund has a private equity component.