Following up on August 1's "CORRECTED—Former Goldman CEO Hank Paulson and TPG Capital Raise $5.4 Billion For Climate Fund" a couple of the other big pools of cash getting positioned ahead of the Glasgow climate confab starting October 31.
From PitchBook, July 21:
General Atlantic launches climate venture, eyes $4B fund
New York-based private equity firm General Atlantic has formed BeyondNetZero, which will target growth equity investments related to climate change. John Browne, General Atlantic senior adviser and former BP CEO, is BeyondNetZero's chairman. General Atlantic is also planning to raise $4 billion for a growth equity fund focused on climate technologies, Axios reported.
You just knew Browne would be involved in one of these.
And before November 1 would guess we'll be hearing Tony Blair's name and maybe Blair's former science adviser, David King who went to UBS after his government work.
And don't forget Lord Nick Stern, where there's a trough he will be found in close proximity. At the big Bali climate conference he went as vice-chair of IDEAGlobal, parent of the IDEACarbon carbon consultancy.
And July 19, from Generate via BusinessWire:
Fundraising strengthens Generate’s position as the leading diversified investment and operating platform for sustainable infrastructure
Consortium of some of the world’s largest pension funds from Australia, Europe, U.S. and Canada participate in round led by existing investors AustralianSuper and QIC with new investment from Harbert Management Corporation
Generate, a leading sustainable infrastructure company, today announced it has raised $2 billion in corporate equity from some of the world’s leading institutional investors to accelerate the deployment of sustainable infrastructure. Existing investors AustralianSuper and QIC led the fundraising round with new investment from Harbert Management Corporation, Aware Super, and CBRE Caledon. The fundraising tapped many of the world’s largest long-term oriented pension funds and institutional investors from Australia, the U.S., and Europe, including additional commitments from existing investors AP2 of Sweden, Railways Pension of the UK and The Wellcome Trust. ....
....MUCH MORE
Wellcome may really need this to work if, as appears likely, its Director, Sir Jeremy James Farrar used his position to assist in the coverup of the origin of the Coronavirus that has killed 4.2 million people.
The Trust has a £29 billion bankroll. That is a lot of research grants to disburse or withhold.
