Baar-Zug, Switzerland, January 12, 2022
We are pleased to announce that BlueEarth’s Climate Growth strategy held an initial closing reaching close to USD 100 million of investor commitments. Initial commitments have been provided by two anchor investors: Urs Wietlisbach, co-founder of Partners Group and co-founder of Blue Earth Capital (“BlueEarth”), and Union Bancaire Privée (“UBP”). As a strategic partner, UBP plans to market this strategy to eligible investors across its global network.
The strategy has a target size of USD 300 million and will provide growth equity capital and impact expertise to businesses developing scalable solutions. It aims to support the net zero transition, improve resilience to climate change and promote a circular economy by investing within the following key themes: the energy transition ecosystem, sustainable cities, climate intelligence, closed loop manufacturing and sustainable agriculture. The Climate Growth Strategy is managed by BlueEarth’s highly experienced Private Equity investment team and targets 10 to 15 growth equity investments globally with a focus on North America and Europe. The strategy aims to deliver competitive, risk-adjusted financial returns alongside meaningful climate impact.
“Addressing climate change from an asset management perspective has become a topic of major importance within UBP and we believe this investment opportunity will be of significant benefit to our clients looking for climate-related solutions”, said Nicolas Faller, Co-CEO Asset Management at UBP. “This strong partnership with BlueEarth represents an exciting addition to our Private Market Group’s offering as well as to our impact franchise at a time when investors are seeking new approaches within responsible investing solutions.”
Urs Wietlisbach, Chairman of the BlueEarth Board, said “This strategy is yet another example of how we, at BlueEarth, are helping to achieve the United Nations Sustainable Development Goals, while driving innovative financial solutions to address global issues such as climate change. We are very pleased to have been able to secure UBP’s commitment and are convinced that this is an attractive investment opportunity for investors globally.”
Kayode Akinola, Head of Private Equity Direct Investments at BlueEarth, added: “A global mobilization of capital and expertise is necessary to achieve a zero-carbon transition. The Climate Growth Strategy catalyzes an opportunity for growth equity to support businesses that have or are in the process of developing solutions to help meet this pressing challenge.”
About Union Bancaire Privée (UBP)
UBP is one of Switzerland’s leading private banks, and is amongst the best-capitalized, with a Tier 1 ratio of 25.3%. The Bank is specialized in the field of wealth management for both private and institutional clients. It is based in Geneva, employs 1,808 people in over twenty locations worldwide, and holds CHF 161.1 billion in assets under management (all figures as at 30 June 2021).
UBP’s Private Markets Group (PMG) is a department dedicated to qualified and institutional investors wishing to diversify their asset allocation beyond traditional investment categories. PMG identifies, analyzes and offers access to exclusive private-market investment opportunities. www.ubp.com
About Blue Earth Capital AG (BlueEarth)
Blue Earth Capital AG is an independent global impact investment firm, headquartered in Baar, Switzerland with operations in New York, London and Singapore. It manages investment strategies for professional investors who are seeking investment solutions that offer market-rate returns, while also helping to address pressing social or environmental challenges. Initiated in 2015 by Urs Wietlisbach and backed by the Ursimone Wietlisbach Foundation, Blue Earth Capital AG has been incubated and built-up with the support of Partners Group, leveraging its experience as a leading global private markets firm. www.blueearth.capital.
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