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Just Climate closing in on $1bn target for debut fund

Just Climate, a climate-led investment business established by impact firm Generation Investment Management, is close to reaching the $1 billion fundraising target set for its first fund – a growth equity strategy focused on industrial decarbonisation – according to a report by Pensions & Investments Online.

The report cites unnamed sources as revealing that the fund will look to take minority stakes in asset-heavy businesses and hold those assets for between three and five years, with a  final close expected later this year at its $1 billion target.

Last week, Just Climate announced its first three investments. According to a company press release, “all three companies reflect Just Climate’s approach of investing in scalable solutions with transformational potential that can help to deliver sector-wide decarbonisation in hard-to-abate industries”. 

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