Carlyle and North Bridge to provide up to $1 billion in C-PACE financing
Carlyle have announced a strategic investment into North Bridge, a leading provider of real estate finance solutions, and a commitment to provide up to $1bn to facilitate the origination of Commercial Property Assessed Clean Energy (C-PACE) by North Bridge. The financing can be used by commercial property owners to fund new construction projects, renovations, acquisitions, and retroactively for recapitalisation opportunities, to drive long-term improvements related to climate resiliency, energy efficiency and renewable energy.
Muzinich & Co targets up to $1 billion for new infrastructure private debt strategy
New York based specialist credit investment manager, Muzinich & Co, has partnered with Hong Kong-based alternative investment platform Orion3 Group, to launch a global infrastructure and real assets private debt strategy. The strategy is targeting up to $1 billion in commitments to provide debt financing and capital solutions for middle-market infrastructure and real asset companies to support their energy and climate transition journey to net zero. The strategy will initially focus on opportunities across Australia, Singapore, South Korea, Japan, Hong Kong, the UK and Canada.
AllianzGI’s Impact Private Credit strategy reaches €560 million total commitments at first closing
Allianz Global Investors (AlliganzGI), recently announced the first close of its Impact Private Credit (IPC) strategy after securing €560 million total commitments from investors across two Article 9 funds. The IPC strategy aims to support European small to mid-market corporates that have a measurable positive impact on key environmental and/or social challenges. Additionally, AllianzGI structured the two funds with an impact-linked performance fee mechanism, linking a proportion of remuneration to the achievement of specific impact targets in addition to the requirement of the financial hurdle being met.
HSBC AM launches its first Global Transition Infrastructure Debt strategy
The newly launched Global Transition Infrastructure Debt fund has so far raised over $240 million aimed at providing investors with opportunities to finance infrastructure assets which facilitate the net-zero transition. The fund will lend to both infrastructure projects and corporates through senior and second lien debt, targeting mid-market borrowers in investment-grade countries across Europe, North America and APAC.
First Japanese hydrogen fund raises $400 million
The fund managed by leading Japanese private equity manager, Advantage Partners, will invest globally, including the Indo-Pacific Economic Framework (IPEF) region, in hydrogen and hydrogen derivative facilities for production, storage, transportation, and utilisation facilities, as well as technology and service providers around the world. The fund is dedicated to developing a low carbon hydrogen supply chain in the region and have raised $400 million in its initial close.
Mirova exceeds €200 million in commitments for the final closing of its first private equity fund
Sustainability-focused investment manager Mirova announced that it has raised €211 million for Mirova Environment Acceleration Capital (MEAC), the firm’s first impact private equity fund. Mirova launched the pan-European private equity fund in September 2021, aiming to invest in companies providing sustainable innovative solutions and technologies contributing to the environmental transition. The fund targets five main themes, including smart cities, natural resources, agri-agro technologies, circular economy and clean energy, investing in companies that directly address at least one of the targeted SDGs, with proven business models and mature innovative solutions and technologies.
BNP Paribas venture fund raises €150 million to invest in nature, climate tech startups
A venture fund managed by BNP Paribas Asset Management has raised €150 million to be invested in nature and climate startups across Europe and North America. The BNP Paribas Solar Impulse Venture Fund targets finalising 15-20 investments in companies that are developing solutions to tackle biodiversity loss, climate change, pollution and waste. With a hard capitalisation target set at €200 million, the fund is expected to raise additional resources by year-end.
responsAbility Asia Climate strategy surpassed $200 million at second closing
Global impact investor, responsAbility Investments AG, has successfully raised $100 million in private sector capital from M&G plc’s Life business as part of the second closing of its climate investment strategy for Asia. responsAbility's climate investment strategy uses a blended finance structure that combines public funding with private sector capital to support transformative projects with high CO2 reduction potential, targeting a direct CO2 savings of c.16 million tons in Asia over the entire lifetime of its investments.
Golding bags €212 million for third infra co-investment strategy at first close
Golding Capital Partners has held a first close for its third infrastructure co-investment fund at €212 million. The fund, Golding Infrastructure Co-Investment 2023, is investing in a variety of sectors with “a direct link to long-term megatrends”, such as electromobility, renewable energies, sustainable transport and logistics concepts and the circular economy, predominantly based in Europe and North America.
Goldman Sachs Invests $440 Million in Renewables Platform BrightNight
Goldman Sachs Alternatives announced today a $440 million strategic investment in leading renewable integrated power company BrightNight, with proceeds aimed at supporting the company’s independent power producer (IPP) business model and the buildout of its utility-scale portfolio across the U.S. The new investment is expected to accelerate the execution of BrightNight’s 31-gigawatt renewable power project portfolio, enabling its utility, commercial and industrial customers to decarbonise through the use of clean energy.
