natural capital

Folium Capital finds a range of cashflow timelines to be an easier pitch for LPs, and hopes to supply timber as well as carbon sequestration to contribute to the energy transition.

It is rare to see a buyout fund making a purely financial investment into another private markets firm.

Goldman Sachs manages Apple’s first Restore Fund, launched in 2021 with a $200m commitment.

AXA's natural capital strategy will monetise carbon credits and aims to generate returns of 10-12%, according to a market source.

Target returns from carbon offset funds range from 5-14%, according to bfinance's head of ESG and responsible investment.

The final figure is yet to be rubberstamped but a 5% allocation would represent £1.2bn and the pension needs to deploy at least 2% of AUM into natural capital ‘to make it worthwhile’.

The debt fund will use a blended model to target foundations, family offices, high-net-worth individuals.

A carbon credit with inherently questionable value is no good for the climate or the sector but it’s also no good to throw the baby out with the bathwater.

The risks and opportunities associated with nature are a major action item for general partners this year, according to senior ESG and sustainability execs.

Alvar de Wolff, managing director, head of ESG and responsible investing at Bregal Investments, tells New Private Markets what the firm is thinking about nature-based risks and opportunities in 2023.