Snehal Shah
Blackstone Green Private Credit III – the biggest energy transition credit fund to date – has an appetite for fossil fuel investments such as LNG, straddling energy transition and affordability goals.
A number of US investors have programmes aimed at backing underrepresented groups.
The 'flexible capital' approach of Climate Assets Fund I can be challenging to pitch to LPs, but Just Climate has clearly succeeded: it has closed its debut fund 50% above target.
Jennifer Powers and Reiner Boehning are investing $2.5bn for ECP’s climate credit strategy – which they sourced independently in the year since departing GIP.
Climate+, a long-term asset fund aimed at DC pensions, will invest across PE, infra, RE, private credit and natural capital.
Just Climate’s first fund, a growth equity strategy focusing on industrial decarbonisation, has made its first three investments.
The French GP adds ‘upstream’ PE stakes and developing markets to its fifth infra fund, to maintain performance as returns trend lower.
Hydrogen generation technologies have a role in the energy transition, but are ‘too expensive and too difficult’ to join infrastructure portfolios, LPs and GPs say.
AXA IM’s Bertrand Loubières is hesitant to set up an Article 9 fund, describing a ‘conflict’ with equity sponsors to obtain emissions data.
The UK’s Environment Agency Pension Fund is backing Lombard Odier’s climate debt fund as CIO Graham Cook says that transition financing 'is largely going to come from debt'.