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ARTICLE · 24 JUNE 2022

It Ain't Easy Being Green: Raising Funds In The Age Of Decarbonization And Electrification

Davies Ward Phillips & Vineberg LLP
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Any fund manager that has raised capital in the last 10 years will tell you that environmental, social and governance (ESG) principles have gained increased prominence with investors globally.

CanadaFinance and Banking
Brooke Jamison
Brooke Jamison
Sarah Elharrar
Sarah Elharrar
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Any fund manager that has raised capital in the last 10 years will tell you that environmental, social and governance (ESG) principles have gained increased prominence with investors globally. But has ESG given rise to a new asset class? Recent history might suggest that it has: Generation Investment Management, an investment firm chaired by Al Gore, launched the Just Climate Fund to invest in assets that mitigate climate change in 2021; the Brookfield Global Transition Fund (co-run by Mark Carney) raised US$15 billion in 2022 to invest in assets that accelerate global decarbonization; and in 2022, TPG raised US$5.4 billion for its Rise Climate Fund.1 The hot play for investors and fund managers has become funds that invest in assets that will help cool the world.

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