Please reload

Sonen Capital raises $75M to spend on low-carbon real assets

 

Sonen Capital announced the final close of its Global Sustainable Real Assets Fund, a $75 million private global real assets impact investment fund.

 

The strategy seeks to accelerate the transition to a low-carbon environment, promote resource use efficiency and increase the stock of land, water and trees under sustainable management.

 

To date the Fund has already made eight commitments addressing affordable housing, clean energy, green real estate and timber in Africa, Asia and the U.S.

 

The fund achieved its capitalization target with contributions from a global mix of family offices, foundations, and financial institutions.

 

Commenting on the close, Raul Pomares, Founder of Sonen Capital, noted that "Together with our LPs, we will work to meet our impact objectives of sustainability, efficiency, renewability and restoration with strong returns by investing in a global portfolio of high-quality real asset managers. The Fund will be diversified across sectors, strategies, investment stages and geographies. We are excited about the opportunity to address head-on the pressing challenges of natural resource scarcity and broad climate change through the deployment of these assets." 

 

Bob Goldstein, CEO of Sonen Capital, added, "We are thrilled with the close of Sonen's first private fund, and are deeply thankful for the support and confidence of our limited partners. The work of diligently producing long-term environmental sustainability along with attractive financial returns has already begun, as evidenced by the capital we have already deployed and the robust pipeline we have developed."

 

Share on Facebook
Share on Twitter
Please reload

Institutional investors slash CRE capital budget by 19%: Report

Ashford REIT invests in 'purification' tech to create allergy-free guestrooms

REIT to build $110M facility to house immigrants rounded up by Trump

Working in style: The corporate campus designed by Frank Lloyd Wright

Hard Rock unveils plans to revamp Trump's failed Atlantic City casino

Food tenants increasingly crucial for shopping centers: Report

Retailer Finer Fields aims to merge bricks and clicks

The Gents Place 'lifestyle club' muscling into new markets

1/2
Please reload

COMMERCIAL REAL ESTATE NEWS & CULTURE

  • White Facebook Icon
  • White Twitter Icon
  • White Instagram Icon
More from Squarefootprint
Further reading

ABOUT USCONTACT • ADVERTISE • ARCHIVE

© 2017 SQUAREFOOTPRINT

  • White Facebook Icon
  • White Twitter Icon
  • White Instagram Icon