VFBATTERY REPORT

Finance

Pages 26–33 (8 pages)

Battery Report 2023, page 33: Finance
Text on page 33

Finance

Mega Fund Private Capital Announcements

Mega Fund Private Capital Announcements

Mega-funds ($500M+) account for ~19% of funds in 2023 by count, but constitute ~70% of total AUM

Clean Energy Transition

Global Climate

Emerging Markets Transition 1GT climate

Close / Release

Spring 2023

Summer 2023

Winter 2023

Spring 2022

Summer 2023

Summer 2023

Spring 2023

Amount

$4bn

>$1bn

$7.3bn

$1.5bn

$700mm

$500mm

Mandate

Invest into a

diversified global portfolio of yield and hybrid investments Focused on decarbonization as an overarching theme rather than ● a specific asset class Positioned to address the significant gaps that exist in the capital markets for climate and transition financing

Investment scope

includes scaling battery technologies, EV fleet electrification ● and EV Charging, decarbonizing agriculture and steel The fund’s mandate is “climate” which encompass decarbonization of sectors like transportation, food, and industry

Source: Press Releases, CTVC

Deploy capital

exclusively for emerging and developing markets supporting the four key pillars that underpin COP28’s Action Agenda:

Energy Transition, Industrial Decarbonization, Sustainable Living ● and Climate Technologies

Invests in energy

transition, green mobility, sustainable fuels and sustainable molecules, and Carbon Solutions Growth-stage investments in innovative climate solutions Fund’s performance fee dependent on ability to deliver on greenhouse gas abatement goals

Focused on hard to ● abate sectors which include energy, mobility, industry and buildings — in order to generate outsized emissions abatement in the next decade

Provide growth

capital to companies that drive / enable the growth of renewable energy, the electrification of transport, the efficient use of energy and resources and the management/reduc tion of carbon emissions Focused on real assets within the energy transition

focused on investments in growth-stage companies that will seek to collectively avoid or remove one gigaton of carbon dioxide-equivalent (CO2e) emissions from the Earth’s atmosphere

Extracted from the PDF; charts and images may read imperfectly.

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