water

LPs committing to the new ocean-focused fund include Finnish family owned investment company Aboa Advest, US multifamily office Adamo Capital and Swiss investment holding company ARGOng Investment AG.

The signs point to water systems as an area of increased activity. It is a welcome development.

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.

Most investors are not making the connection between land-based activities and ocean health, according to delegates at RI: Europe in London on Wednesday.

Ocean 14 Capital’s Chris Gorell Barnes says, ‘Science, money, and government are realising that protecting the ocean is the most important thing we must do to protect humanity’.

Few GPs offer pure-play water strategies, said impact solutions head Angelika Delen at the Impact Investor Global Summit yesterday.

Fund II has already invested in 14 companies.

The Kansas City-based asset manager lines up $170m worth of deals for its Water and Climate Resilience Fund and expects to lock up two more transactions by the end of the year, says the head of private equity and infrastructure investments.

The firm is raising its second VC fund and a debut growth equity fund.

Incofin is aiming to provide 30 million people with safe drinking water.