ImpactAlpha, September 9 – Credit Suisse is launching an investment fund this month to help clients invest in pollution prevention, the low-carbon transition and ocean conservation, Citywire Selector reports. The Swiss bank is partnering with Rockefeller Asset Management and the nonprofit Ocean Foundation, which is helping define the fund’s impact and scope.
Credit Suisse’s did not immediately respond to ImpactAlpha’s questions about the fund’s scope and impact approach.
Ocean-health investing ramped up this summer with the close of two $100 million-plus private investment funds from Mirova and S2G Ventures. Credit Suisse’s Marisa Drew told Citywire that more than one-third of institutional investors are interested in ocean-related investment opportunities.
Rockefeller Asset Management has partnered on other public equities funds that target “impact delta,” including the recently launched Rockefeller Global ESG Equity fund with UBS (see, “The Impact Delta: Change is good for investors focused on environmental and social performance”).
The first investment from Rockefeller’s public equities oceans strategy was in Denmark’s Ørsted, one of the largest offshore wind farm companies in the world. “There are companies that are positioned to perform well when governments, investors and other entities take meaningful action to combat climate change, and I think we’re starting to see that,” Rockefeller’s Rolando Morillo told ImpactAlpha last year (see, “With oceans in peril, investors find new ways to invest in the blue economy”).