Morgan Stanley Investment Management Completes 1GT Climate Private Equity Fund , at $750

Morgan Stanley Investment Management announced the final close of the 1GT climate private equity fund at $750 million. The fund, which targets growth-oriented investments in North America and Europe, aims to avoid or remove one gigaton of carbon dioxide-equivalent (CO2e) emissions from the atmosphere by 2050. The investor group consists of institutions from Europe, Japan, and North America. The 1GT team will utilize Morgan Stanley s resources to collaborate with portfolio companies, focusing on earnings growth, multiple expansion, and enhanced exit potential. Additionally, the team aims to increase climate change mitigation and improve environmental, social, and governance (ESG) monitoring and reporting. Some of the fund s investments include Instagrid, a high-performance portable battery provider; Huel, a sustainable nutrition brand; and Everstream Analytics, a company specializing in sustainable supply chain services. The 1GT fund is an Article 9 fund under the Sustainable Finance Disclosure Regulation, which mandates the integration of environmental or social characteristics into the investment process. Furthermore, half of the 1GT team s financial incentives are tied to achieving the target of avoiding or removing one gigaton of CO2e emissions by 2050. This announcement was made on September 30, 2024, and is part of the broader FinSMEs initiative, which focuses on supporting small and medium-sized enterprises (SMEs) in the financial sector.

Source: finsmes.com
Published on 2024-09-30

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