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Investors - JANUARY 31, 2024

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Fifth Wall bolsters climate strategy, promotes 10 team members and adds 14 new portfolio companies

by Kali Persall

Fifth Wall, the largest asset manager focused on improving, future-proofing and decarbonizing the built world, announced it closed an additional $340 million into its climate strategy at the end of 2023, on top of the $500 million raised into its inaugural Climate Fund.

The fund is the largest private fund formed to decarbonize the real estate industry. It aims to invest in software, hardware, renewable energy, energy storage, smart buildings and carbon sequestration technologies to decarbonize the real estate industry.

Fifth Wall also has promoted 10 of its team members and added 14 new portfolio companies.

The promotions are as follows:

Tommy Wesely, chief marketing officer and head of platform Virginia Drennen, principal, go-to-market Mackenzie Chisholm, vice president, strategy and platform William Smiles, vice president, strategy and platform Ethan Goldberg, vice president, partner coverage Michael F
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