Investment

The collaboration is aimed at accelerating the move to net zero in the Netherlands, where solar and wind energy has advanced so much, it is entering a new phase, according to ASN Impact and StartGreen.

The pension asset manager made the deal on behalf of Dutch healthcare scheme PFWZ, which has allocated €1bn to the energy transition over the next few years.

The new Dutch fund plans to invest in profitable companies in north-western Europe that contribute to sustainability but need growth capital to expand.

The Belgian firm received support from both private and public European investors to back small and medium-sized businesses and scale-ups that focus on lowering greenhouse gas emissions.

A new report has found that while impact funds accounted for 18% of net assets in European sustainable funds by the end of 2023, the sector is not immune to global headwinds. 

There are currently 712 private equity impact managers, who have raised a combined €214bn in capital in the past decade, Phenix Capital said in its latest impact report.

Elizabeth Corley is chairing a group of investors and experts charged with devising new mechanisms for social impact funding in the UK.

The Mirova Sustainable Land Fund 2 has received funding from a variety of public, private, and philanthropic investors with additional commitments from FMO and Proparco expected shortly.

Lita, the impact crowd funding platform, has launched an asset management company and its first impact fund, raising €25m to date.

Ministers want to see more money from the City of London invested in companies in emerging markets whose businesses help meet climate goals.