Alternative Investment Partners Private Markets has launched a $110 (€102 million) global climate impact fund which aims to tackle global warming and pollution, depleting resources and eco-diversity.
The fund also aims to invest in marginalised communities that are disproportionately impacted by global warming.
AIP Private Markets, part of Morgan Stanley Investment Management, was founded in 2000.
John Wolak, head of AIP Private Markets, said: “AIP Private Markets’ impact investing platform has enabled us to catalyse private sector capital to address some of the most critical challenges faced by the planet and people in need.”
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