The Water Access Acceleration Fund attracted commitments from international development finance institutions, foundations, family offices, and private investors.
Private individuals can invest in unlisted climate technology companies starting from €20,000, which the platform hopes will broaden access to climate impact investing.
The blue economy, historically one the most underfunded of all the UN SDGs, is gaining traction among investors thanks to new financing options, viable investment themes and supportive governance, Phenix Capital said.
The Paris-based asset manager said funding from private and corporate investors in nature-based solutions was accelerating, as they recognised the importance of decarbonising activities beyond their own value chains.
The strategy managed by the company’s New Agriculture division aims to consolidate natural vegetation, agriculture, and forestry together as operational assets.
A report from the Amsterdam-based firm shows 122 impact funds launched in 2024, bringing the total number of launches since 2015 to almost 3,000 funds.
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.
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