About This Fund
The Climate Fund for Nature is an impact investment fund managed by the Natural Capital team of Mirova, a subsidiary of Natixis Investment Managers dedicated entirely to sustainable investing. The fund was initiated by Kering and L'Occitane Group, announced in December 2022 at COP15 — the UN Convention on Biological Diversity — in Montréal, and began operations in the first quarter of 2023. It is structured as a French alternative investment fund (société par actions simplifiée à capital variable) targeting €300 million in total commitments from corporate investors across sectors including luxury goods, beauty, services, agri-food, and communications.
The fund's strategy focuses on financing high-quality nature-based solutions projects dedicated to protecting and restoring nature in emerging markets, and supporting farmers in transitioning to regenerative agriculture. Investment activities span afforestation, reforestation, mangrove restoration, natural regeneration, agroforestry, and conservation of key natural ecosystems in Latin America, Africa, and Southeast Asia. Projects generate verified carbon credits (VCUs) and biodiversity co-benefits for local communities, with a distinctive emphasis on women's economic independence developed in collaboration with the 2X Collaborative.
The fund held its first close in February 2023, anchored by founding corporate investors Kering and L'Occitane Group with a combined commitment of approximately €140 million. A second close was reached in March 2024 at €195 million (approximately USD $213 million), with new investors Capgemini, Unibail-Rodamco-Westfield, and Groupe Mane joining the coalition. The €300 million target remains open to additional corporate partners. Unlike traditional PE funds, all LPs are corporate strategic investors — companies seeking to meet nature-related sustainability commitments through direct investment in verified conservation and restoration projects.