About This Fund
Climate Tech Portfolio Fund IV is the latest flagship fund-of-funds vehicle managed by Carbon Equity B.V., a Dutch-regulated alternative investment fund manager (AIFM) supervised by the Authority for the Financial Markets in Amsterdam, Netherlands (AFM registration 15005329). The fund targets a diversified portfolio of six to eight leading climate technology venture capital and private equity funds, combined with eight to twelve direct co-investments, providing investors with exposure to over 150 breakthrough climate technology companies across North America and Europe. With a next close scheduled for June 30, 2026, the fund is actively accepting commitments from accredited investors at a minimum ticket size of €100,000, making institutional-quality climate fund-of-funds access available at a significantly lower entry point than direct LP subscriptions to the underlying managers.
Fund IV deploys capital according to a two-sleeve structure: approximately 80% of invested capital flows to carefully selected top-tier climate technology fund managers, while the remaining 20% is allocated to high-conviction co-investments offering direct company exposure alongside portfolio fund GPs. Geographic allocation targets North America at 60% and Europe at 40%, capturing the innovation depth of Silicon Valley, Boston, London, Amsterdam, and emerging European climate hubs. Sector allocation is diversified across energy (25%), industry (25%), food and land use (15%), transportation (15%), buildings (15%), and carbon management (5%), with investment stage emphasis on early growth companies at Series B and beyond (approximately 60% of portfolio) where commercial traction and scaling potential are most pronounced. The fund targets a net internal rate of return of 12–15% and a long-term investment horizon consistent with the development timelines of breakthrough climate technology companies.
Carbon Equity has established a track record as a leading European gateway to climate technology private markets, operating under the regulatory oversight of the Dutch AFM. The firm's Climate Tech Portfolio Fund series has enabled European and international investors to access premier US- and Europe-based climate VC managers who typically require multi-million-dollar minimum commitments. Fund IV builds on the learnings of predecessor vintages, incorporating refined GP selection criteria and an expanded co-investment program. The fund's regulated AIFM structure provides investor protections consistent with European fund governance standards, and Carbon Equity's growing institutional LP base reflects increasing institutional appetite for curated, diversified access to the climate technology opportunity.