Energy Impact Partners has raised $485m for a new fund to invest in technologies that help reduce carbon emissions, including corporate capital from companies such as software giant Microsoft, pipeline operator Williams Cos. and electric utility Duke Energy Corp.
The New York venture-investment firm exceeded its $350m target for EIP Deep Decarbonization Frontier Fund I LP, said Partner Shayle Kann, who co-leads the team managing the fund alongside Ashwin Shashindranath, also a partner.
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Energy Impact Partners LP (EIP) is a global venture capital firm leading the transition to a sustainable future. EIP brings together entrepreneurs and many of the world’s most forward-looking energy and industrial companies to advance innovation.
With over $2.5 billion in assets under management, EIP invests globally across venture, growth, credit, and infrastructure – and has a team of over 70 professionals based in its offices in New York, San Francisco, Palm Beach, Washington DC, London and Cologne.
Source: WSJ
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