Eurazeo has raised $314.6m (€300m) at the first close of its Planetary Boundaries Fund (EPBF), an impact buyout vehicle aimed at scaling businesses that provide tangible environmental solutions.

The close represents 40% of the fund’s €750m target and underscores the growing role of private equity in financing climate-resilient assets.

The EPBF will target small and mid-sized companies positioned to tackle issues such as drought, extreme weather, and water shortages—what Eurazeo describes as “the physical world challenges.” The strategy prioritises real-world environmental outcomes over regulatory-driven ESG compliance.

“Our fund is not based on regulation, it’s not based on politics, it’s based on the physical world … [where] you’re seeing storms, fires and droughts, water shortages,” said Sophie Falk, Managing Partner at Eurazeo.

The fund’s debut investment is in Bioline Agrosciences, a provider of sustainable pest control products for agriculture. The deal aligns with EPBF’s focus on circular economy and planetary health.

Eurazeo manages $41bn (€36.1bn) across its platform and is one of several firms leading the next wave of climate-conscious investing. The close follows similar activity from Aligned Climate Capital, which recently raised $85m for clean energy investments, and the Clean Growth Coalition’s $200m commitment to decarbonisation.

Source: Yahoo Finance