The fund aims to help the Japanese paper-products manufacturer to achieve its 2030 environmental goals of growing their sustainable forestry assets and reducing carbon emissions.
The alternatives investments specialist said the fund has invested in nine private equity funds and that it plans to launch a successor climate technology fund later in the year.
The Kuali Fund, which is being managed by impact investor GAWA Capital, has raised €129m at first close to support a range of countries globally to build climate resilience and transition to low carbon economies.
Amber Infrastructure will be working with a place-based investor to attract green investment. The West of England Mayoral Combined Authority hopes to secure an additional £90m to the fund.
The venture, which was started by a firm chaired by former US vice president Al Gore, will use the money to accelerate investment in natural climate solutions.