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Alternative Market Briefing

Al Gore's Generation launches its largest-ever growth fund at $1.7bn

Thursday, May 19, 2022

Laxman Pai, Opalesque Asia:

Generation Investment Management, a sustainability-focused public and private equity firm co-founded by Al Gore, is upping its bet on growth-stage companies via a new $1.7 billion fund - the firm's fourth and largest.

The new Sustainable Solutions Fund IV allows the firm "to invest $50 million to $150 million as active minority investors in high-growth companies that are shifting industries toward sustainability," the pure-play sustainable investment manager with over $36 billion of assets under management said in a press release.

The firm's prior Growth Equity funds have deployed over $2 billion since 2008, partnering with companies such as AlayaCare, Asana, Back Market, Benevity, Convoy, Gusto, Pivot Bio, and Toast, amongst others.

Sustainable Solutions Fund IV has a global and diverse institutional investor base, including many returning LPs.

Lila Preston, Head of Growth Equity at Generation Investment Management, said: "We've been researching the changes needed for a sustainable future, and investing in pioneering companies driving that transition for over 15 years. Our systems-level view helps us identify industries, companies, and entrepreneurs that can scale sustainable solutions globally."

With a presence in London and San Francisco, Generation's Growth Equity team of 17 people, representing 10 nationalities, offers portfolio companies a diversity of thinking and perspective.

David Blood, the Senior Partner of Gene......................

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