Binyamin Ali
The Canadian pension invested into the start-up, which plans to go public, through its Climate Change Opportunities strategy.
A trickle of fund managers choosing to link carried interest to their impact and ESG targets is good news for private markets, showing the industry is serious about its sustainability goals.
Brazilian GP’s partnership with The Nature Conservancy will seek to ‘maintain or enhance financial performance’ across 530,000 acres of existing assets.
The US start-up has partnered with Nomad Foods and is exploring Asian market entry with other regional giants.
The GP says it will not receive 50% of its carried interest if it fails to meet new fund’s impact goals, which will be verified by an independent third party.
The separate account’s buy-and-lease strategy was trialed by the GP in 2019 and involves a flex lease arrangement that is conducive to organic farming.
The fund manager wants to cater to institutional LPs looking for British forestry investments, while offering entry and exit optionality for a wider spread of investors.
The Swedish pension has roughly $1bn in total forestry investments, around 80 percent of which is through direct and co-investment structures.
The land-based aquaculture company will establish facilities in Abu Dhabi, China and Brunei as it targets to produce 260,000 tonnes of salmon per annum.
With over $1bn to the asset class confirmed between July and August and roughly $1bn spent in acquisitions, GPs are converting interest into commitments.