Bain Capital Double Impact has raised $800m for its second impact investing fund - more than double its debut fund in 2017, which secured $390m.
Gresham House’s Energy Storage Fund has raised £120m in its latest round of fundraising, as part of the asset manager’s plans to issue £260m over the next 12 months.
Finnish asset manager Evli has launched a forestry-focused fund of funds, with a target of €100m. The fund’s performance fee is dependent upon achieving its carbon sequestration target of removing 21,000 tonnes of atmospheric CO2 for every million euros it invests. The Evli Impact Forest Fund I will invest in between six and eight unlisted forest funds across low-risk strategies and countries, with the US receiving 65% of capital, followed by Australia and New Zealand.
Mirova has become a major shareholder in electric vehicle charging specialist DRIVECO by injecting “several million euros” into the firm via its Mirova-Eurofideme 4 f…