Credit Suisse has announced the final closing of the Credit Suisse Climate Innovation Fund, a USD 318 million fund dedicated to allocating capital at the intersection of venture capital companies focused on disruptive technologies, solving for a significant reduction of greenhouse gas emissions.
The Credit Suisse Climate Innovation Fund will commit capital to ten venture funds in North America, Europe and Asia that are active in facilitating the reduction of carbon emissions. Their sector focus includes food and agriculture, production and consumption, and mobility and urbanization.
Fabian Shey, Head of Global Private & Alternative Markets at Credit Suisse, said, “The demand for this fund has been remarkable across the full spectrum of wealth management clients. It is a meaningful step and a substantial amount of capital being invested with purpose towards net zero.”
Sven-Christian Kindt, Head of Private Equity Portfolio Solutions at Credit Suisse, added, “I am happy to see how strongly the Climate Innovation Fund resonates with our clients. By partnering with mission-driven venture firms, this fund will empower entrepreneurs to commercialize and grow their radically transformative technology and business ideas in order to contribute to planetary health at scale.”
