- Dedicated private equity climate impact strategy will target companies between venture and buyout
- $ 308 million dedicated BlueEarth Climate Growth Fund I [1] closed above target
- The strategy includes $ 70 million of commitments from a tailored mandate and co-investments
Baar-Zug, Switzerland, January 17, 2024
Blue Earth Capital AG (“BlueEarth”), the specialist global impact investor, today announces that its private equity climate impact strategy, BlueEarth Climate Strategy (“the Strategy”), has reached $ 378 million in investor commitments. The Strategy comprises $ 308 million from the BlueEarth Climate Growth Fund I [1] ( “the Fund”) alongside an additional $ 70 million in commitments from LPs in a tailored mandate and co-investments.
BlueEarth’s Climate Strategy has attracted significant investor interest, with the Fund closing above its $ 300 million target, demonstrating the continued momentum behind specialised for-profit impact investing. Under the Strategy, BlueEarth focuses on equity investment opportunities in companies addressing climate change at the growth stage, between venture and buyout. Via its investments, BlueEarth is helping companies to scale and develop their operations, equipping them for continued growth whilst enabling mission-driven entrepreneurs and management teams to benefit from BlueEarth’s climate and investment expertise, global network, and dedicated impact framework.
BlueEarth Climate Growth Fund I [1] is an Article 9 fund and part of the BlueEarth Climate Strategy, and will invest in companies working to accelerate the net zero transition, improve society’s resilience to climate change, and promote a circular economy. The Fund, alongside the wider commitments received under the Strategy, targets investments across both North America and Europe.
Kayode Akinola, Head of Private Equity at Blue Earth Capital commented: “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. We’re delighted by the continued trust of our investors and the strong confidence they have in BlueEarth and our investment team.”
BlueEarth’s investment thesis for the Strategy is underpinned by strong private sector and regulatory tailwinds. Investments will be targeted across five key themes which are recognised as critical in the era of climate change: energy transition; buildings & mobility; climate intelligence; production & consumption; and food & agriculture. The successful launch of the Strategy marks the latest milestone for BlueEarth, which in 2023 surpassed $ 1 billion in Assets under Management across its different investment vehicles of Credit and Funds.
To provide measurable, tangible impact across its investments, BlueEarth employs a dedicated impact framework to assess environmental and / or social impact, aligned to the UN SDGs. BlueEarth integrates a robust impact and sustainability management system throughout the investment lifecycle, including a best-in-class ESG and impact assessment framework as well as a comprehensive managing and reporting methodology.
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About Blue Earth Capital AG
Blue Earth Capital is a global, independent, specialist impact investor, headquartered in Switzerland, with operations in New York, London, and Konstanz. Blue Earth Capital seeks to address the world’s most pressing social and environmental challenges by delivering measurable impact alongside aiming for attractive and sustainable financial returns. The company operates dedicated private equity, private credit and fund solutions. Blue Earth Capital is owned by the Blue Earth Foundation, a Stiftung (charity/trust) registered in Switzerland that focuses on deep impact to support initiatives and business ventures to help deliver a more equitable and sustainable future. For more information, visit www.blueearth.capital.
Media relations contact
Oliver Cooper
Phone +44 7581 034797
Kekst CNC
Email: blueearthcapital@kekstcnc.com
Investor relations contact
Julia Wicklein
Phone: +41 41 784 64 02
Email: investor.relations@blueearth.capital
[1] BlueEarth Climate Growth Fund I SCA, SICAV-RAIF, a Luxembourg-based closed-ended fund that held its final closing on 19 December 2023.