Fund Structure

Climate Fund Managers will manage the fund, which has received cornerstone commitments from MUFG, FinDev Canada and the Green Climate Fund.

The merger of Rayonier and PotlatchDeltic and the sale of Greif’s land to Molpus and APG show that public REITs and private managers are rethinking where value lies.

Climate Fund Managers’ $1.06bn final close for Climate Investor II is a win for climate finance in frontier markets. It’s also a reminder that standardization remains elusive.

Co-founder Nick Dilks says allocation and liquidity challenges kept some LPs from backing the vehicle, which pursues large-scale mitigation, biodiversity and habitat restoration projects.

The blended finance fund manager previously structured the $1.6bn Galapagos debt-for-nature swap, in which CI2 was an investor.

New Zealand investment manager MyFarm aims to acquire more kiwifruit orchards and increase its holding in grower-owned marketer Zespri in a move that could make it the company’s largest shareholder.

With Nuveen, Proterra, Manulife and WisdomTree working to expand access, the interplay between public and private strategies is setting the future direction of the asset class.

Goldman Sachs Asset Management is taking the lead on a CV to move the ice-cream maker out of an existing CV, sources say.

NatWest Cushon’s responsible investment manager Martin Logan says the ‘primary driver’ for the pension's investment in the asset class is to ‘mitigate some of the carbon price risk that our equity portfolio is exposed to.’

The listed ETF provider has ambitious plans in what it called the most ‘stable and underpenetrated asset classes in all of asset management’ following its acquisition of Ceres Partners.