Blue Earth Capital (BlueEarth), a specialist global impact investor, has held the first closing of its first evergreen, semi-liquid impact private credit strategy fund with capital commitments totalling €113m from a ‘select group’ of anchor investors.
The Fund, in line with BlueEarth’s wider ‘total impact’ approach, seeks to support environmental and social impact initiatives globally whilst aiming to deliver market-rate financial returns and provide LPs with increased liquidity and optionality.
Following the initial closing, the fund will continue to pursue private credit investments across developed and emerging markets.
According to a press statement, the Fund, developed as part of BlueEarth’s proven and successful private credit platform, “provides investors with a global reach, a non-concessionary investment approach, and best-in-class impact practices”, and already features a diverse seed portfolio targeting essential environmental and social challenges globally, aligned with the UN Sustainable Development Goals (SDGs).
