financial returns

The DFI's investment portfolio generated $2.2bn last year from equity sales, loan interest and principal receipts.

The conventional PE holding period is not always sufficient to 'transform an entire segment', said partner Tom Hodges.

The Houston-based manager seeks $1.5bn for renewable energy investments, the same amount it raised for its second fund two years ago.

The decarbonisation-focused private equity firm could use side pockets or SPVs to help fill the funding gap for companies that have moved beyond venture-stage development, says co-founder Charles Cherington.

Even as it cheers the $620bn pension’s progress on sustainable investments, the system’s board is flagging potential issues around data centres and fossil fuel-tied co-investments.

Reinova Partners anticipates a first close on around $400m in July or August this year.

The Global Landscape Opportunities fund will invest in forestry, agriculture, infrastructure and processing assets, while also exploring carbon and biodiversity opportunities.

SEDF would like to see consumer brands move beyond grantmaking to make co-investments or become customers of portfolio companies, according to head of policy and innovative finance Lily Han.

Decarbonisation of portfolio companies does not necessarily lead to a 'green premium' on pricing, but the cost-savings are material, says Argos climate strategy head Jack Azoulay.

The bank will account for around a third of the total fund size and will collaborate with Ardian on deal sourcing and structuring.