Generation Investment Management, a pure-play sustainable investment manager with over $36 billion of assets under management, announced the launch of its $1.7 billion Sustainable Solutions Fund IV.
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The new fund continues the firm’s commitment to invest globally in companies and teams driving the sustainable future.
Sustainable Solutions Fund IV is Generation’s fourth and largest Growth Equity fund, enabling Generation to invest $50-$150 million as active minority investors in high-growth companies that are shifting industries toward sustainability and responsible innovation at scale.
The firm’s prior Growth Equity funds have deployed over $2 billion since 2008, partnering with companies such as AlayaCare, Asana, Back Market, Benevity, Convoy, Gusto, Pivot Bio and Toast, amongst others.
Lila Preston, Head of Growth Equity at Generation Investment Management, said: “We’ve been researching the changes needed for a sustainable future, and investing in pioneering companies driving that transition for over 15 years.
"Our systems-level view helps us identify industries, companies and entrepreneurs that can scale sustainable solutions globally. We believe this helps us to see value where others don’t, and add value where others can’t.â€
Sustainable Solutions Fund IV will continue to focus on investing in growth-stage businesses with proven technology and mission-driven management teams in:
Planetary health: net-zero-carbon solutions transforming mobility, agriculture, energy and enterprise by reducing waste and emissions, and enhancing biodiversity
People health: enabling better health outcomes and a lower-cost, more accessible healthcare system
Financial inclusion: supporting access to finance, reducing inequality and supporting an equitable future of work
With a presence in London and San Francisco, Generation’s Growth Equity team of 17 people, representing 10 nationalities, offers portfolio companies a diversity of thinking and perspective. ■