Impact Investing

Secondaries investors – such as Kline Hill Partners and North Sky Capital – can make primary fund commitments for a number of reasons.

While impact secondaries transactions remain a relatively small part of overall secondaries volume, these vehicles can offer more certainty around impact-linked growth stories compared with their blind-pool counterparts.

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.