Field Notes: Impact-linked carry under fire; Manulife reaches $334m second close; LDC and Olam battle for Namoi Cotton

‘Impact-linked carry doesn’t work,’ says Zebra Impact managing partner; Manulife has reached a $334m second close on its Forest Climate Fund; HeavyFinance eyes Ukraine carbon credits; LDC and Olam battle for Namoi Cotton, and more. Welcome to Field Notes, the start-of-the-week briefing for our valued subscribers only. Tips and feedback to: binyamin.a@pei.group.