Lightrock Closes Climate Impact Fund, at €860M

Lightrock’s Europe-based funding crew and workforce purposes playing the good outside

Lightrock, a London, UK-based international non-public fairness platform that backs purpose-driven marketers tackling the sector’s largest demanding situations, closed its inaugural Lightrock Local weather Have an effect on Fund with commitments of €860m.

LPs incorporated LGT and its Personal Banking shoppers, Lightrock co-investments in addition to a various vary of latest traders together with: AP1; Bay Accept as true with; Carbon Fairness; GenZero; Golding Capital Companions; Grantham Basis; GULF; Haniel; NGS Tremendous; UNIQA; and Twine Crew.

The Fund will invest with a standard preliminary price tag dimension of €10-40 million in Eu and North American growth-stage corporations which are innovating against a net-zero economic system and development an running device for local weather motion. The Fund might also come with a modest allocation to early-stage corporations, equipped they have got transparent doable to emerge as leaders throughout the local weather issues it invests throughout and are appearing rising industrial traction. 4 of those issues correspond with the generation combine required to reach net-zero by way of 2050 – Power Transition, Decarbonizing Industries, Sustainable Meals & Agriculture and Sustainable Transportation – with an extra move chopping focal point house centred at the underlying Enabling Applied sciences & Answers that fortify decarbonisation throughout sectors and industries. 

Led by way of Pål Erik Sjåtil, the CEO and International Managing Spouse, Lightrock has already made seven investments in main corporations running throughout its funding issues and in response to LCIF’s funding technique. Those belongings are warehoused for the Fund and function a transparent demonstration of its objectives and ambitions. 



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