ESG

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.

With over $1bn to the asset class confirmed between July and August and roughly $1bn spent in acquisitions, GPs are converting interest into commitments.

The combined company has two facilities in the US with a further five to follow, along with &ever’s established presence in Germany, Singapore and Kuwait.

The British fund manager was recently confirmed as the manager for AXA IM’s $700m Australian timber property and plans to launch a further three funds this year.

The $4bn climate impact venture BeyondNetZero's first deal sees it investing in an agricultural strategy to reduce food miles alongside parent General Atlantic and Blue Earth Capital.

The asset will be managed to pursue an impact-first approach and should be able to deliver competitive returns, says chief sustainability officer Brian Kernohan.

Choosing to participate in a project that will increase productivity, fight climate change and deliver a return to investors is ‘a no-brainer’, says FarmTogether CEO Artem Milinchuk.

The firm is 'seriously considering' a distinct forestry vehicle that would target institutional investors, with its latest series of deals set to take it beyond £100m deployed into the asset class.

The blended-finance impact vehicle was initiated by the UN and has made five investments with underlying commodities such as cocoa, hazelnuts and timber.