Carbon Capture Utilization and Storage

The Ardian Nature Based Solutions Fund – Averrhoa is a climate impact fund launched by Ardian in collaboration with aDryada, dedicated to financing large-scale nature restoration projects across Latin America, Africa, and Asia. It is structured as an SFDR Article 9 fund and aims to catalyze institutional investment into ecosystems that can deliver both high-integrity carbon credits and measurable biodiversity outcomes. In its first wave of fundraising, the vehicle secured approximately €100 million in anchor commitments from leading development finance institutions, including the European Investment Bank (€50m), Proparco (€20m), and British International Investment (€10m). These early backers reflect growing momentum behind nature as a scalable investment category and aim to attract further capital from corporates and private asset managers focused on net-zero strategies. The strategy focuses on permanent carbon sequestration through afforestation, wetland rehabilitation, and mangrove restoration. It aims to remove 85 million tonnes of CO₂ over a 40‑year horizon while producing co‑benefits such as water resource preservation, local job creation, and habitat revitalization. Projects are screened for additionality, high biodiversity value, and strong MRV (Monitoring, Reporting, Verification) protocols.

Brookfield Global Transition Fund II (BGTF II) is the second flagship clean energy transition fund managed by Brookfield Asset Management, the world's leading renewable power and transition investor with a global portfolio spanning over 33,000 MW of operating clean energy capacity. Launched in 2024, BGTF II continues the mandate of its predecessor Brookfield Global Transition Fund I (BGTF I), which raised a then-record $15 billion at final close in June 2022, targeting investments in assets and businesses enabling the structural shift from carbon-intensive energy systems to clean, renewable alternatives. BGTF II focuses on large-scale renewable energy infrastructure including wind, solar, and hydropower generation; energy transmission and distribution network upgrades; green hydrogen and emerging clean energy technologies; and business decarbonization—accelerating the transition of carbon-intensive enterprises to net-zero operational models. The fund applies a private equity-style operational improvement model to infrastructure assets, targeting institutional-grade risk-adjusted returns through active ownership and capital allocation across the clean energy transition value chain. Its investor base comprises leading pension funds, sovereign wealth funds, insurance companies, and endowments globally. BGTF II achieved its first institutional close in February 2024 at $10 billion, followed by a final institutional close in October 2025 at $20 billion in fund commitments and strategic capital—surpassing both its predecessor's record and becoming the world's largest private fund dedicated to the energy transition. With approximately $3.5 billion in additional co-investment capital secured alongside the fund, total capital raised reached $23.5 billion, reflecting deep institutional conviction in clean energy transition infrastructure as a long-duration asset class.

The Inlandsis Fund is the inaugural carbon finance vehicle created by Inlandsis ManagementCo, a joint initiative of Priori-T Capital and Fondaction Asset Management, both headquartered in Montréal, Québec. Launched in 2017 with a fund size of CAD $30 million and backed by Fondaction as its lead investor alongside more than fifteen institutional and strategic investors from Québec and across Canada, the fund operates over a ten-year investment horizon through 2027. The fund pioneered a unique project-finance model for the North American carbon market: it provides upfront capital to developers of greenhouse gas reduction and natural sequestration projects in exchange for the future stream of carbon credits generated by those projects. This structure addresses a critical financing gap by giving project developers the liquidity needed to implement and certify emissions-reduction initiatives before credits can be sold on compliance markets. Typical project investments range from CAD $2 million to CAD $15 million, targeting compliance markets including the California-Québec linked cap-and-trade system, California's Low Carbon Fuel Standard (LCFS), the Alberta carbon market, and voluntary carbon markets. Since inception, the Inlandsis Fund has supported more than 45 individual projects spanning nature-based and industrial decarbonisation sectors. As of May 2025, portfolio projects have collectively protected 22,456 hectares of land and generated reductions or removals totalling over 3 million tonnes of CO₂ equivalent. Notable portfolio projects include Bluesource dairy farm methane reduction, The Climate Trust grassland conservation programme in the western United States, and the Northeast Wilderness Trust forest preservation initiative in Vermont. The fund's commercial success validated the model and led Fondaction Asset Management and Priori-T Capital to launch Inlandsis II in 2022, which closed at nearly CAD $130 million in 2024.

Macquarie’s Green Energy Transition Solutions Fund (MGETS) is a closed‑ended vehicle designed to deploy capital into technologies and infrastructure that go beyond traditional renewables. It targets growth‑stage companies offering decarbonisation solutions in sectors such as energy storage, distributed energy, clean transport, renewable fuels, carbon capture, and circular economy. At final close, MGETS surpassed its initial $2 billion target, raising over $2.4 billion in fund commitments and $647 million in co‑investment, for a total capital pool exceeding $3 billion. Over 65 % of that capital has already been committed across 12 investments spanning multiple geographies and technology domains. The fund targets a net IRR of 13 % to 15 %. It seeks companies that balance growth potential with infrastructure‑like characteristics, backing opportunities that are scaling and de‑risked yet operate in the next wave of energy transition technologies. MGETS has built a diversified portfolio including names like Eku Energy (battery storage), SkyNRG (sustainable aviation fuel), Verkor (EV battery manufacturing), and Calibrant Energy (distributed energy). Its geography‑agnostic approach allows deployment across Europe, North America, Asia‑Pacific, and beyond.