Lightsmith Group, a global sustainable private equity firm, has held a final close for its Lightsmith Climate Resilience Partners SCSp RAIF with $186 million of commitments.
Lightsmith Climate Resilience is one of the first private-equity funds to have focused on climate resilience and adaptation, investing in growth-stage technology companies that address the effects of climate change. In the fund, Lightsmith has brought together leading investors from around the world, including PNC Insurance Group, The Rockefeller Foundation, Kinneret Group, and Caprock Impact Partners, as well as the Green Climate Fund (GCF), European Investment Bank, Asian Infrastructure Investment Bank, KfW on behalf of the German Ministry for Economic Cooperation and Development (BMZ), Nordic Development Fund, the Government of Luxembourg, and other investors.
“Climate resilience technologies are an overlooked, multibillion dollar investment opportunity that will just keep growing,” said Jay