NZ Super Fund puts $100m into Fifth Wall Climate Technology Fund

The NZ Super Fund has committed $100 million to the Fifth Wall Climate Technology Fund, a fund managed by Fifth Wall that seeks to invest in new technologies to decarbonize the global real estate industry.

Fifth Wall has raised more than $300 million for its Climate Technology Fund to date, against a target fund size of $500 million. The fund’s investor base includes sustainability leaders from the real estate industry, such as Equity Residential, Hudson Pacific Properties, Invitation Homes, Ivanhoé Cambridge, Kimco Realty Corp. and Brazilian energy company, Cosan.

The Climate Technology Fund represents the largest pool of capital focused on decarbonizing the real estate industry, according to NZ Super Fund.

“NZ Super Fund’s $100 million investment into Fifth Wall’s Climate Technology Fund symbolizes the massive opportunity which lies ahead for climate tech for the global real estate industry,” said Brendan Wallace, co-founder and managing partner at