Snehal Shah

Blackhorn Ventures sees impact opportunity and investor demand for asset-light, capital-light software solutions in industrial decarbonization – swimming against the growing tide of asset-heavy finance.

Impact investing, especially in emerging markets, is a new frontier for most investors; secondaries transactions will ease them in.

ArcTern closed on $335m for its third climate-focused fund, including a $25m commitment from Canadian Pension Plan Investments.

As more investors conduct climate scenario analyses, the severity of physical risks on investment portfolios is becoming clearer.

Just Climate sold an undisclosed ownership stake to the California pension fund earlier this year.

The government also created the Powering Australia Technology Fund, which has the capacity to make venture, growth equity and fund investments and provide development capital.

Peter Cashion, managing investment director for sustainable investments, will present the plan, which includes another $53bn for climate solutions investments, 10 more sustainability staff, scenarios analyses and options for divestment.

The Gates Foundation’s climate venture fund raised $1.25bn for its second vintage in 2021 and $1bn for its first vintage in 2019 from billionaires including Jeff Bezos, Michael Bloomberg, Richard Branson and George Soros.

A number of US investors have programs aimed at backing underrepresented groups.

Meketa presented climate scenario risks, allocations shifted towards sustainable private markets and a color-coded climate classification was adopted.