Morgan Stanley Investment Management held the final close of the 1GT climate private equity fund (1GT), at $750M.
The investor group was led by a number of institutions in Europe, Japan and North America.
1GT targets growth-oriented investments in companies in North America and Europe aiming to collectively avoid or remove one gigaton of carbon dioxide-equivalent (CO2e) emissions from the Earth’s atmosphere from the date of investment through 2050. It targets investments in private companies across mobility, power, sustainable food, agriculture and the circular economy.
The 1GT team will leverage Morgan Stanley’s resources to partner with portfolio companies to pursue earnings growth, multiple expansion and enhanced exit potential, while helping to increase climate change mitigation and improve ESG monitoring and reporting. Examples of 1GT’s investments to date include:
- high-performance portable battery provider Instagrid,
- sustainable nutrition brand Huel, and
- sustainable supply chain services company Everstream Analytics.
1GT is an Article 9 fund under the Sustainable Finance Disclosure Regulation, which promotes environmental or social characteristics and integrates sustainability into the investment process in a binding manner.
Half of the 1GT team’s financial incentives will be tied to achieving the avoidance or removal of one gigaton of CO2e emissions by 2050.
FinSMEs
30/09/2024