Snehal Shah
Clean Growth VI is 60% invested and its first distributions are scheduled for later this month.
CFES 2 is a multi-strategy impact fund, NPM has learned – the latest in a handful of climate and impact funds with secondaries strategies.
Impact investing, especially in emerging markets, is a new frontier for most investors; secondaries transactions will ease them in.
Blue Earth’s secondaries strategy – part of its soon-to-launch multi-strategy fund – has just acquired a portfolio of fund stakes from a UK development finance institution.
Around 20 minority stakes in venture-stage climate companies have been moved into an externally managed continuation fund.
Summa Equity is looking to move Norwegian biowaste company Norsk Gjenvinning from its debut fund to a separate vehicle.
The investment firm is managing $200m from HESTA in a fund of one to invest alongside impact and sustainable private equity managers.
The investment consultant is seeking $250m for a dedicated secondaries fund, following consultants such as Hamilton Lane and StepStone in managing pooled private markets funds.
A GP-led secondaries deal by Energy Capital Partners hints at future opportunities.
The impact secondaries firm has shifted the focus of its clean growth strategy recently to preferred equity structured transactions from traditional LP interests.