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Laxman Pai, Opalesque Asia: The alternative asset manager focused on sustainable real assets Vision Ridge Partners closed its latest sustainable real assets fund, Sustainable Asset Fund III, at its $1.25 billion hard cap.
"The Fund held its final close just four-and-a-half months after commencing fundraising. Fund III initially targeted $1bn of commitments and drew interest beyond the $1.25bn hard cap," said a press release from the venture capital firm.
The fund aims to make 8 to 12 investments of $75 million to $175 million in companies in industries that are shifting to sustainability, including energy, transportation, and agriculture, it said
"The speed, size, and high-quality LP base of our fundraise speak to increasing investor interest in aligning their portfolios with the transition to a sustainable real economy," said Reuben Munger, Vision Ridge's managing partner.
Fund III had significant and upsized commitments from 80% of the participants in Vision Ridge's previous funds. The Fund's institutional investor base expanded with notable new LPs including leading consultants, endowments, foundations, family offices, and public pensions.
Investors in the fund include Alameda County Employees' Retirement Association, Oakland, Calif.
"Our investors' endorsement of the Vision Ridge team and strategy validates our disciplined, consistent approach to monetizing unique, sustainable real assets," Munger said.
"Sustainable investing is no longer a ...................... To view our full article Click here
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