The Bootleg Fire burns at night near Highway 34 in southern Oregon, a raging inferno that s spreading miles a day in windy conditions.
While it’s not the divestment from fossil fuels that environmentalists have been seeking, New Jersey’s public-worker pension fund is looking to make a major investment in companies working to blunt climate change.
Members of the New Jersey State Investment Council on Wednesday reviewed a plan to invest up to $200 million in a California-based private-equity fund called TPG Rise Climate.
The fund is raising money to invest in “businesses that have a clear and measurable positive environmental impact,” according to documents distributed prior to the meeting.
By Susanna Rust2021-04-29T11:15:00+01:00
Local authority pension pooling vehicles Brunel Pension Partnership and London CIV have launched new private market funds with commitments from their pension fund clients totalling £1.7bn (€1.96bn).
Brunel is working with Aksia, a specialist research and advisory firm, to build a bespoke portfolio of funds targeting corporate direct lending strategies in Europe and North America.
Pension funds served by Brunel have committed £945m to the pooled fund.
Brunel will make six to eight primary fund commitments to specialist direct lenders. The “Cycle 2” vehicle has already made one commitment to a Europe-focussed fund, ICG Senior Debt Partners IV, and Brunel said a second commitment, to a US-focussed manager, “is expected to follow close on its heels”.