Morgan Stanley Investment Management (MSIM) has successfully raised $500 million for its 1GT climate private equity strategy.
The strategy aims to collectively eliminate one gigaton of CO2e emissions by 2050, aligning with the United Nations’ “Net Zero” mandate.
1GT focuses on high-growth companies in Europe and North America, promoting transformational climate impact.
MSIM said its commitment to sustainable finance is demonstrated through its Article 9 fund classification.
Investors from the Nordic region, Germany and the UK, including public and private pension funds and an insurance company, have contributed to the milestone.
Jessica Alsford, CEO of the Institute for Sustainable Investing, has applauded the achievement as a response to the demand for climate-focused solutions.
“This achievement by 1GT clearly demonstrates the high level of demand for innovative products and solutions that help our clients seeking to address climate change. It’s also a great example of Morgan Stanley’s ongoing firmwide commitment to support and scale solutions that are helping chart a path toward a net-zero global economy.”
David N. Miller, head of Morgan Stanley Private Credit and Equity, highlights the strategy’s innovative nature and its potential to accelerate climate impact and earnings growth.
“This strategy provides our clients an innovative solution that seeks to address time-critical climate issues and brings Morgan Stanley’s considerable resources to portfolio companies to help accelerate climate impact and earnings growth to create more exit optionality.”
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