Morgan Stanley Investment Management has said that its 1GT climate private equity fund has closed with $750 million of equity capital commitments.

The fund invests in companies in North America and Europe aiming to collectively avoid or remove one gigaton of carbon dioxide-equivalent emissions from the date of investment to 2050. It will target investments in private companies across mobility, power, sustainable food, agriculture and the circular economy. 1GT is an Article 9 fund under the Sustainable Finance Disclosure Regulation.

Vikram Raju, MSIM’s Head of Climate Private Equity Investing and 1GT, said, “We are pleased to have arrived at the final close of 1GT, a highly focused fund that is providing capital at the critical growth stage to companies whose products and services enable meaningful reduction in the global carbon footprint. 1GT’s investors saw the unique opportunity to invest in a fund with a tangible, transparent, and independently measured climate goal, which directly ties to the team’s incentive compensation.”

END