AXA Investment Managers Alternatives (AXA IM Alts) has closed its natural capital and impact investments strategy with commitments of over $560m (£425.3m) from development finance institutions, including the International Finance Corporation (IFC), Proparco and DEG.
The strategy, part of AXA IM Alts’ €188bn (£165bn) private markets business, provides project-level financing to nature-based schemes across emerging markets, targeting initiatives such as reforestation, ecosystem restoration and carbon-credit generation.
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“It is a privilege to attract capital from development institutions of this calibre and scale into our natural capital and impact investments strategy, and a testament to the team’s expertise in this area of the market,” said Jonathan Dean, deputy head of natural capital and impact private equity at AXA IM Alts.
The strategies’ portfolio combines equity investments, through stakes in companies supporting the natural capital ecosystem in local markets, the provision of carbon solutions, with direct project financing, AXA IM Alts said.
AXA IM Alts’ broader platform includes €96bn in private debt and alternative credit, €80bn in private real estate and €12bn in infrastructure and private equity.
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“IFC is delighted to anchor AXA IM Alts’ strategy dedicated to emerging markets, supporting nature-based projects such as tree planting and wetland restoration,” said Farid Fezoua, global director for disruptive technologies, services and funds at IFC. “This scalable platform has the potential to transform carbon finance markets in emerging economies, extend financing to smaller companies, create quality jobs, and support emissions management.”
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