Global impact investor BlueEarth Capital AG announced today that it has reached $378 million in investor commitments for its private equity climate impact strategy, BlueEarth Climate Strategy, Commitments include $308 million from the BlueEarth Climate Growth Fund, and $70 million from LPs in a tailored mandate and co-investments.
Founded in 2015, Switzerland-based Blue Earth Capital manages investment strategies for professional investors seeking market-rate returns, in addition to addressing social and environmental challenges. The firm is owned by Swiss not-for-profit Blue Earth Foundation, which re-invests 100% of the firm’s operating profits in support of its philanthropic activities.
BlueEarth’s Climate Growth Fund, classified as Article 9 under the SFDR regulation, invests in companies in North America and Europe at the growth stage, between venture and buyout, that are working to accelerate the net zero transition, improve society’s resilience to climate change, and promote a circular economy.
The climate strategy targets investments across five key themes, including energy transition, buildings and mobility, climate intelligence, production and consumption, and food and agriculture.
Kayode Akinola, Head of Private Equity at Blue Earth Capital, said:
“The significant investor commitments received for the BlueEarth Climate Strategy demonstrate the essential role of for-profit impact investing in helping to address some of the world’s biggest climate challenges. Through this strategy, BlueEarth is addressing opportunities graduating from the venture stage but still too early for traditional buyouts – catalysing climate solutions of the future whilst aiming for attractive, market-rate returns.”