fund economics

EQT, L Catterton and Just Climate also have impact-linked GP incentives for their impact funds.

The giant New York pension plan is not of fan of funds with a portion of their carried interest linked to impact, its sustainable investment chief Andrew Siwo told a lively debate on impact at PEI Group's NEXUS 2024 event.

XSML Capital has raised $98.7m for its fourth fund, according to a statement.

Despite missing its target, the firm is 'really excited' to have raised the largest generalist impact fund on record, says head of impact Jen Braswell.

The firm raised $510m for its PE vehicle and $135m for its venture fund, founder Rob Appleby and ventures head Alastair Cooper tell New Private Markets.

Edda III, though not explicitly an impact strategy, applies the firm's thematic decabonisation focus, according to investor relations head Frida Einarson.

Impact Engine operates as an “impact LP”, deploying most of its capital to the funds of emerging and established buyout and growth equity GPs with an impact focus.

Impact-linked carry 'takes up too much internal bandwidth' at a firm, according to an institutional investor at PEI Group's Responsible Investment Forum in New York last week.

WovenEarth Ventures announced it has closed its inaugural fund of funds on its hard-cap of $152m.

The firm's green transition and social infrastructure funds have each raised €1bn, reflecting LP demand for sustainability, infrastructure and private debt.