– Generation Investment Management announced the successful close of its second sustainable private equity fund, Sustainable Private Equity Fund II (SPEF II).
– SPEF II, together with related co-investment vehicles, raised more than $1 billion.
– The fund will invest in sustainability platforms: scaled, mission-critical businesses driving sustainability transformation across industries.
– SPEF II attracted a diverse global base of institutional investors, including strong support from existing partners.
– The strategy focuses on flexible-term minority and majority investments in high-quality companies with strong growth potential and measurable sustainability impact.
– Co-Head of Private Equity Tom Hodges said the fund targets businesses that form the operational backbone of industries, enabling sustainability to be delivered at scale.
– Generation aims to partner with mission-driven business leaders to embed sustainability into core global industries.
– SPEF II has already completed three investments.
