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Int'l - Credit Suisse Raises US$318 Million Climate Fund To Fuel Sustainable Tech

Credit Suisse has managed to raise US$318 million for its fund dedicated to tech-forward climate solutions. The successful close of the Climate Innovation Fund, despite a scandal-ridden few months for the Swiss investment bank, is indicative of the strong demand from investors for sustainable finance.

Credit Suisse has managed to raise US$318 million for its fund dedicated to tech-forward climate solutions. The successful close of the Climate Innovation Fund, despite a scandal-ridden few months for the Swiss investment bank, is indicative of the strong demand from investors for sustainable finance.

Credit Suisse announced in late May the closing of its Climate Innovation Fund with an impressive US$318 million, which will be allocated to ten venture funds globally that are active in supporting carbon-reduction solutions. These climate tech solutions span across food and agriculture, production and consumption and the mobility and urbanisation sectors, said the Swiss investment bank.

“By partnering with mission-driven venture firms, this fund will empower entrepreneurs to commercialise and grow their radically transformative technology and business ideas in order to contribute to planetary health at scale,” commented head of private equity portfolio solutions Sven-Christian Kindt.

“The investment opportunity lies in the new technologies and business models accelerating the transformation and changes in the way we grow food, produce building materials or scale energy efficient means of transportation,” said Credit Suisse in the announcement.


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