Morgan Stanley Investment Management Raises $500 Million for First Close of 1GT Climate Private Equity Strategy
17 Maio 2023 - 9:00AM
Business Wire
Morgan Stanley Investment Management (MSIM) announced today that
it has held a first close for the 1GT climate private equity
strategy (1GT) at $500 million of equity capital commitments.
Investors include public and private pension funds and an insurance
company in the Nordic region, Germany and the UK. 1GT is focused on
investments in growth-stage companies that will seek to
collectively avoid or remove one gigaton of carbon
dioxide-equivalent (CO2e) emissions from the Earth’s atmosphere
from the date of investment through 2050, the date by which the
United Nations has mandated “Net Zero” must be achieved.
Vikram Raju, MSIM’s Head of Climate Private Equity Investing and
1GT, commented: “Reaching our halfway goal is an important
milestone. Our anchor investors have demonstrated a strong level of
climate ambition by backing 1GT with its twin goals of investing in
compelling high-growth companies in Europe and North America while
aiming to deliver transformational climate impact at the gigaton
level. Tying the team’s incentive compensation to both of the 1GT
goals recognizes this in equal measure. We have begun executing on
our pipeline at a very opportune phase in the growth equity
market.”
Part of MSIM’s $200 billion alternative investments business,
1GT targets investments in private companies across the mobility,
power, sustainable food and agriculture, and circular economy
themes. Under the Sustainable Finance Disclosure Regulation, 1GT is
an Article 9 fund, which promotes environmental or social
characteristics and integrates sustainability into the investment
process in a binding manner. The team recently co-led a $50 million
funding round for Everstream Analytics to accelerate global supply
chain sustainability and aim to reduce emissions for leading global
brands.
Jessica Alsford, Chief Sustainability Officer and CEO of the
Institute for Sustainable Investing, shared: “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.”
“We are extremely pleased by the strong investor support for
1GT,” said David N. Miller, Head of Morgan Stanley Private Credit
and Equity. “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.”
About Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its
investment advisory affiliates, has more than 1,300 investment
professionals around the world and $1.4 trillion in assets under
management or supervision as of March 31, 2023. Morgan Stanley
Investment Management strives to provide outstanding long-term
investment performance, service, and a comprehensive suite of
investment management solutions to a diverse client base, which
includes governments, institutions, corporations and individuals
worldwide. For further information about Morgan Stanley Investment
Management, please visit www.morganstanley.com/im.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services
firm providing a wide range of investment banking, securities,
wealth management and investment management services. With offices
in 42 countries, the Firm’s employees serve clients worldwide
including corporations, governments, institutions and individuals.
For further information about Morgan Stanley, please visit
www.morganstanley.com.
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Alyson Barnes Alyson.Barnes@morganstanley.com
Morgan Stanley (NYSE:MS)
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