Climate & environment

Plus, Swedfund puts €15m into XSML Capital’s African Rivers Fund IV | Climate Fund Managers and Microsoft’s Climate Innovation Fund back platform to supply renewables-derived grid-power to Nigerian users.

The company, which makes electrolysers for hydrogen production, is targeting rapid expansion of installations to meet a forecast sharp rise in demand for green hydrogen, as countries strive to meet net-zero targets.

Mirova’s new fund will invest in European companies that are trying to address many of society’s more interconnected problems like climate change and growing inequity, according to the firm.

The Swedish private equity impact investor has added STIM to its portfolio of investments aimed at boosting sustainable food production, at a time when investor interest in aquaculture is on the rise.

Development finance institutions are backing a private credit climate finance fund managed by Darby International Capital to help the region’s mid-sized companies to develop low-carbon and climate resilient businesses.

Asset manager MEAG, part of the Munich Re Group,  is targeting a total size of up to €645m with its Sustainable Forestry Equity Fund, focusing on investments in US, New Zealand and Australia.

Established by the LSE’s Grantham Research Institute, the Just Transition Finance Lab will focus on designing financial instruments and strategies to bring the just transition to life.

UK-based impact investor Bridges Fund Management has announced its second investment exit of 2024, with the sale of a supplier of plant-based foods to private equity firm NVM.

The London-based alternative asset manager will use the investment to expand its network of biodiversity hotspots, which will generate income through the sale of credits.

The investment in Nepra addresses “a clear climate challenge”,  the Swiss specialist impact investor said.