Lightrock closes inaugural Climate Impact Fund at €860 million, above initial hard-cap
Category: Transactions Year: 2022
Lightrock, a global private equity platform that backs purpose-driven entrepreneurs tackling the world’s biggest challenges, has closed its inaugural Lightrock Climate Impact Fund (“LCIF” or “the Fund”) with commitments of €860 million, after raising its initial hard cap.
LCIF was oversubscribed with demand exceeding the €600 million target. This can be attributed to strong support from Lightrock’s anchor investor LGT and its Private Banking clients, Lightrock co-investments as well as a diverse range of new high-quality investors including: First Swedish National Pension Fund (AP1); New Zealand charitable foundation, Bay Trust; Netherlands-based climate technology focused investment platform, Carbon Equity; an investment platform company wholly-owned by Temasek, dedicated to accelerating decarbonisation globally, GenZero; European asset manager, Golding Capital Partners; US-based charitable foundation, Grantham Foundation; Thai energy and infrastructure group, GULF; German family-owned investment holding, Haniel; Australian pension fund, NGS Super; Austrian insurance group, UNIQA; and Dutch impact investor, Wire Group.
Campbell Lutyens served as exclusive global placement agent for the Fund.