Carbon

The Californian pension also made a $65m commitment to the Altor Climate Transition Fund I.

CEO Angus Whiteley says the firm is seeing fewer timberland deal opportunities in Europe due to limited scale and high prices propped up by subsidies.

Campbell Global will invest the vehicle on behalf of the defined contribution pension scheme and will not pay performance fees to the JPMorgan subsidiary.

Africa-focused Helios Investment Partners has raised around $200m for the fund, which will invest in ‘climate-smart agriculture and food’, among other sectors.

The firm has a goal of increasing the size of the 2021-vintage to $1bn but says it is not in a rush to reach the target.

New South Wales minister for the environment Penny Sharpe says the state wants to create transparent and efficient biodiversity markets to attract capital.

The development finance institution said the ticket represents its first commitment to an institutional forestry fund.

The firm’s new forestry team has a track record of sourcing off-market deals, and its CEO believes it can cash in on LP goodwill to raise capital quickly.

QIC will look to raise and deploy funds for its first natural capital vehicle over a longer time horizon than originally planned, after senior leaders departed earlier in 2024.

Insured carbon credits will be compensated though ‘in-kind replacements,’ or buyers will be reimbursed their purchase price where replacement credits are not available.