Charles Avery
Vivara Capital will target purpose-driven companies that are ready to scale but held by ageing funds, Rekha Unnithan told affiliate title New Private Markets.
The firm is seeking to raise $300m for the strategy, head of private equity partnerships Nicolas Muller tells NPM.
As impact investors increasingly seek liquidity, sustainable secondaries funds are 'drinking out of a fire hose'.
The firm has registered BlueEarth EM Impact Secondaries II, a regulatory filing shows.
Tikehau has raised more than €1bn for smart infrastructure company Egis.
Mirova first invested €150m in TagEnergy in 2022.
The Nordic PE firm, which was among the first private markets managers to embrace ESG, has raised €588m to acquire two assets from its fifth flagship fund.
Secondaries investors – such as Kline Hill Partners and North Sky Capital – can make primary fund commitments for a number of reasons.
Uncertainty about the use of proceeds poses an issue for NAV lenders looking to manage ESG risks.
Quilvest Capital Partners and Unigestion led the transaction, which is believed to be the first Article 9 continuation vehicle.