Gore Outfit Closes $683M Crossover Climate Fund

May 1 2008 | 11:29am ET

Generation Investment Management, the London-based firm co-founded by former U.S. Vice President Al Gore, has closed its Climate Solutions Fund at $683 million. The new vehicle will invest in a range of green private and public companies.

The fund will invest in renewable energy technologies, building efficiency, cleaner fossil energy, sustainable agriculture and carbon markets. The firm will also seek to serve as an active shareholder of its portfolio companies “to assist companies in shaping and implementing their strategic direction.”

“Generation believes that sustainable development that addresses the climate crisis will be a significant driver of industrial and economic development over the coming decades,” said David Blood, managing partner. “However, there is clearly a significant gap between the capital needed and the capital currently deployed to create enduring solutions to the climate crisis.  As a result, investing in scalable solutions now is critical and our Climate Solutions Fund intends to do just that.” 


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of

Business Insider has been reporting on the unusual trading activity of a mystery trader who placed a profitable short equity bet to the tune of $21 million on the Aug. 10 move in the CBOE Volatility Index (VIX).