- Generation Investment Management, a impact-focused investment firm co-founded by Al Gore, is looking to raise $1.25 billion for a new fund.
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According to an investor letter seen by Bloomberg News, the vehicle will focus on high-growth companies in North America and Europe. GIM manages more than 36 billion in public and privately held securities, a company founded in 2004 by former U.S. vice president and David Blood, who previously worked at Goldman Sachs Group Inc's asset management unit. Wealth-management services provider FNZ and U.K. energy supplier Octopus Energy Group are investments that are included in the investment.
The new fund is called Sustainable Solutions IV. A predecessor Fund III raised $1 billion in 2019, the firm said at the time.
A spokesman for London-based GIM didn't say anything about the fund raise.
Gore said last year in Glasgow at the COP 26 climate summit, that the world was waking up to the threat of climate change and the economic opportunities it presented.
Read more on how Goldman Sachs and Al Gore's GIM are investing in decarbonisation.
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