Generate has raised $2 billion from institutional investors to accelerate the deployment of sustainable infrastructure.
Existing investors AustralianSuper and QIC led the fundraising round with new investment from Harbert Management Corporation, Aware Super and CBRE Caledon. The fundraising also included pension funds and institutional investors from Australia, the United States and Europe, including additional commitments from existing investors AP2 of Sweden, Railways Pension and The Wellcome Trust.
“Successful infrastructure projects require a long time horizon, dedicated operational expertise and a commitment to deliver returns for all of the many stakeholders involved in infrastructure,” said Scott Jacobs, CEO and co-founder of Generate. “The urgent need to deploy proven climate solutions and get the world to a Net Zero pathway has never been greater.”
Generate builds, owns, operates and finances sustainable infrastructure that delivers affordable a