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Laxman Pai, Opalesque Asia: Clean energy-focused investment firm Climate Adaptive Infrastructure (CAI) has raised over $1 billion for its debut fund program, comprising $825 million in equity for the main fund and $200 million in a co-investment program.
CAI, a firm founded in 2019 by former Macquarie executive Bill Green, said that the Climate Adaptive Infrastructure Fund attracted an institutional set of global limited partners comprised of endowments, foundations, insurance firms, pensions and superannuation funds, and fund of funds, in addition to prominent family offices and high net worth individuals.
The investment firm that targets control investments in large-scale, low-carbon real assets in the clean energy, water, and urban infrastructure sectors said in a media release that it looks for infrastructure investments in energy, water, and urban infrastructure that are well positioned to weather the "triple threat" of climate risks, as the firm words it: physical risk, regulatory risk, and policy risk.
CAI utilizes a proprietary screening protocol to evaluate investments, their long-term carbon emissions, and viability as a hedge against climate losses, it said.
Bill Green said, "For far too long, our society has invested in infrastructure based on the belief that our future would look just like our past. The climate crisis is now wreaking increasing havoc with assets that were built for a planet that no longer exists. At CAI, our mission supports ...................... To view our full article Click here
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