Impact Investing

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.

Quilvest Capital Partners and Unigestion led the transaction, which is believed to be the first Article 9 continuation vehicle.

GP-leds are of particular interest to the mainstream secondaries players, Tom Jorgensen, a managing director at North Sky Capital, said in a video interview at the Impact Investor Global Summit.

Panellists at the Impact Investor Global Summit London 2023 agreed that GP-leds are where secondaries investors can have the most impact.

Continuation funds could provide sponsors with more time and capital to execute transformative sustainability initiatives.

Summa Equity is looking to move Norwegian biowaste company Norsk Gjenvinning from its debut fund to a separate vehicle.

The ingredients are all there for a big year in impact secondaries, with GP-leds looking particularly tempting.

The investment firm is managing $200m from HESTA in a fund of one to invest alongside impact and sustainable private equity managers.