Global PE firm GEF Capital Partners has announced the successful final close of the GEF LatAm Climate Solutions Fund III, raising R$1.05 billion ($214m).
The substantial funding was raised specifically for their Brazil-focused climate solutions-focused fund. GEF’s new growth fund targets innovative solutions to climate and pollution control, investing in lower-middle-market companies across Brazil.
GEF Capital Partners, with this fund, aims to accelerate the development of private equity investments in companies that are primarily focused on climate change solutions. These companies, chosen by GEF, are anticipated to be at the forefront of growth in sustainable initiatives all over Brazil. The fund is designed to trigger significant growth in Brazil’s climate solutions sector, contributing to the global movement towards sustainability.
The $214m will be used to propel the fund’s unique initiative, collaborating with pioneering companies that are not only leading the way in climate solutions but are also ensuring a promising financial future. GEF is aligning its investment strategy with a dual focus on generating returns and creating a lasting impact on the planet.
Furthermore, the GEF LatAm Climate Solutions Fund III is part of a broader mission by the firm to engage and invest in responsible solutions in the context of global climate challenges. Brazil’s role as an innovative hub for environmental solutions places it at the center of this investment drive.
Anibal Wadih, managing partner at GEF Capital Partners, said, “In the midst of the pressing global challenges posed by climate change, Brazil emerges as a beacon of opportunity, steering the helm of innovative solutions. Introducing the GEF LatAm Climate Solutions Fund III, we are elated to announce our timely initiative to transform the world around us.” He further added, “We believe in the power of sustainable change. Our vision is to collaborate with pioneering companies that not only spearhead climate solutions but also ensure a promising financial future. It’s about returns and it is also about creating a lasting impact for our planet.”
The original text did not mention any previous investments that the company has raised.
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