The world of Impact Investing was given a boost this week when London-based global investment platform Lightrock closed its first ever Climate Impact Fund at the oversubscribed amount of €860 million.
Originally on the search for €600 million, the fund is intended to support scaling tech firms in the areas of Energy Transition, Decarbonising Industries, Sustainable Food & Agriculture, and Sustainable Transportation.
Included in the investment roster are Swedish national pension fund AP1, New Zealand’s Bay Trust, Dutch climate tech platform Carbon Equity, US-based Grantham Foundation, Australian pension fund NGS Super and Dutch impact investor, Wire Group.
With the goal of net zero by 2050, the protagonist for the fund, scale-ups will receive impact investment in the region of €10-40 million to expedite their solutions to a cleaner planet.
“I want to extend my grateful thanks to our investors for their confidence in and support of our mission. This is Lightrock’s third successful fund close in little over a year and it represents a resounding endorsement of our mission to scale impact investing,” said Pål Erik Sjåtil, the CEO and Global Managing Partner of Lightrock.