At a glance
- California State Teachers' Retirement System is the institutional anchor and Microsoft's Climate Innovation Fund is the corporate anchor.
- The fund has made five investments.
- On the same day, Course Corrected, a Stockholm venture firm, said it closed its second fund at €80 million with €35 million from the European Investment Fund after making seven investments.
Just Climate said it closed its $540 million Natural Climate Solutions I fund. California State Teachers' Retirement System is the institutional anchor and Microsoft's Climate Innovation Fund is the corporate anchor. The fund has made five investments.
On the same day, Course Corrected, a Stockholm venture firm, said it closed its second fund at €80 million with €35 million from the European Investment Fund after making seven investments.
Allocators screening private climate funds can compare two vehicles: Just Climate's $540 million natural-capital fund anchored by CalSTRS and Microsoft, and Course Corrected's €80 million fund with €35 million from the European Investment Fund.
Two climate funds closed, each with a named anchor
Fund size, anchor commitment and investments made, as disclosed at each close
Just Climate
$540M
- Fund
- Natural Climate Solutions I
- Investments made
- 5
- Institutional anchor
- CalSTRS
- Corporate anchor
- Microsoft Climate Innovation Fund
Course Corrected
€80M
- Fund
- Second fund
- Investments made
- 7
- Anchor commitment
- €35M from European Investment Fund
Show as table
| Just Climate | Course Corrected | |
|---|---|---|
| Figure | $540M | €80M |
| Fund | Natural Climate Solutions I | Second fund |
| Investments made | 5 | 7 |
| Institutional anchor | CalSTRS | |
| Corporate anchor | Microsoft Climate Innovation Fund | |
| Anchor commitment | €35M from European Investment Fund |
Reported by The Wrap desk from Just Climate announcement and Course Corrected announcement. Published . Corrections