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Alternative Market Briefing

Morgan Stanley announces $110m fund focused on climate solutions

Wednesday, May 06, 2020

Laxman Pai, Opalesque Asia:

Morgan Stanley Investment Management (MSIM)'s private markets arm, Alternative Investment Partners Private Markets, has closed a new fund at $110m focused on addressing critical climate issues.

The fund, which seeks to address critical climate issues including global warming and pollution, depleting resources and eco-diversity, builds upon the group's $800m impact investing strategy launched in 2014.

"This globally diversified private markets offering was launched in a first of its kind collaboration with the US congregations of Dominican Sisters to find investment solutions which focus on climate change and aiding marginalized communities that are disproportionately impacted by global warming," said a press release from MSIM, which has $584 billion in assets under management.

AIP Private Markets launched its impact investing platform in 2014 in partnership with the Morgan Stanley Institute for Sustainable Investing.

"The globally diversified private markets platform seeks to drive positive social and environmental impact in sectors including mobility, energy, food and agriculture, resource efficiency, and the circular economy. The climate investing strategy aims to address problems holistically from global warming to pollution, depleting natural resources and decreasing ecological diversity," it added.

These can range from early-stage investments in energy efficiency software to more mature opportunities like fruit pro......................

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