VFBATTERY REPORT

Finance

Pages 40–56 (17 pages)

Battery Report 2024, page 55: Finance
Text on page 55

2023 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

Close / Release

Spring 2023

Summer 2023

Winter 2023

Spring 2022

Summer 2023

Summer 2023

Spring 2023

2023 Fund Size

$4bn

$1bn

$7.3bn

$1.5bn

$700mm

$1bn

Invest into a diversified global portfolio of yield and hybrid investments

Investment scope includes scaling battery technologies, EV fleet electrification and EV Charging, decarbonizing agriculture and steel

Deploy capital exclusively for emerging and developing markets

Invests in energy transition, green mobility, sustainable fuels and sustainable molecules, and Carbon Solutions

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/reduction of carbon emissions

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 Earthʼs atmosphere

Mandate

Focused on decarbonization as an overarching theme rather than a specific asset class The fundʼs mandate is “climateˮ which Positioned to address the encompass significant gaps that exist decarbonization of sectors like transportation, food, in the capital markets for and industry climate and transition financing

Supporting the four key pillars that underpin COP28ʼs Action Agenda: Energy Transition, Industrial Decarbonization, Sustainable Living and Climate Technologies

1GT climate

Growth-stage investments in innovative climate solutions Fundʼs performance fee dependent on ability to deliver on greenhouse gas abatement goals

Focused on real assets within the energy transition

Note: funding numbers are as of January 2024

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

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