ImpactAlpha, September 27 — The Los Angeles-based fund received commitments from Goldman Sachs’ AIMS Imprint, Rockefeller Brothers Fund, ZOMA Capital, McKnight Foundation, and over a dozen private equity investors and energy companies.
Applying AI to the energy transition “is where Blue Bear sees the greatest investment and impact opportunity of our lifetimes,” says Blue Bear’s Ernst Sack.
The fund will focus on clean energy and the electric grid, electric-vehicle infrastructure and transportation and will screen companies for the U.N. Sustainable Development Goals.
The new fund has made 10 investments to go with a dozen deals in Blue Bear’s inaugural fund.
Blue Bear has backed distributed solar asset manager Omnidian, solar drone intelligence startup Raptor Maps and climate infrastructure software company Urbint (for context, see “Urbint secures $60 million to prevent critical infrastructure failures”).