Generation Investment Management, former U.S. Vice President Ella Gore, has launched a $ 1.7 billion fund ($ 1.3 billion) to invest in private companies in the field of sustainable development.

Generation’s Fund IV is the largest fund to date, and the company will invest $ 50 million to $ 150 million in high-growth businesses.

In particular, it is an investment in sustainable and environmental, social and management companies (ESG). Founded in 2004, Generation Investment Management has more than $ 36 billion in assets under management.

In total, the three previous Generation funds since 2008 have invested more than $ 2 billion in companies such as AlayaCare, Asana, Back Market, Benevity, Convoy, Gusto, Pivot Bio and Toast.

“We are exploring the changes needed for a sustainable future and investing in cutting-edge companies that have been driving this transition for more than 15 years,” said Lila Preston, head of capital growth at Generation Investment Management.

Fund IV will continue Generation’s investment in global health, human health and financial integration.

“Our system-level review helps us identify industries, companies and entrepreneurs that can scale sustainable solutions around the world,” Preston added.

Potential investment companies are measured by their contribution to “System Positive” by measuring the impact of the business model on people and the planet.

Generation has offices in London and San Francisco. He previously invested in the British Octopus Energy, a supplier of clean energy, and Ocado Group, an online food company.

“When companies and entrepreneurs collaborate with Generation, they don’t just get a single point of contact. They are gaining access to our team, expanded network and continuous capital in private and public capital to help them scale and transform, and make positive changes to the system for future generations, ”said David Blood, senior partner at Generation Investment Management.

Earlier this year saw one investor in sustainable development Climate IR start investing in startups focused on climate change and carbon emissions.

A recent report showed that climate technology is the fastest growing vertical in Europe.


Al Gore’s Generation Investment Management launches £1.3bn fund

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