ImpactAlpha’s deal news coverage for the week:
Affordable housing. The Cleveland Housing Investment Fund reached $53 million after Huntington Bank committed $10 million to a city fund for middle-income renters and buyers. The fund, seeded by Mayor Justin Bibb and LISC, aims to create and preserve up to 3,000 rental units for residents earning below 80% of area median income and convert at least 100 renters into homeowners.
Clean energy. Manchester, UK-based UrbanChain contracted with Ampyr Distributed Energy to purchase three gigawatt-hours of surplus solar over 15 years, supplying commercial customers through a private clean energy marketplace that bypasses utilities and grid constraints.… Florida-based Climate First raised $67 million from Wellington Management and AllianceBernstein to expand its green banking and solar lending operations.
Indigenous finance. Vancouver-based Seven Generations Capital closed the first C$75 million (US$54 million) of a planned C$300 million fund for housing and commercial development on Indigenous lands in Canada. Royal Bank of Canada and the Victoria Foundation anchored the raise.
Nature & biodiversity. Australia-based New Forests launched its Global Landscape Opportunities fund, targeting A$1 billion (about US$700 million) for forestry, agriculture, carbon, and biodiversity projects across Latin America, Asia, and Africa. Backers include Swedish pension AP2, German pension Bayerische Versorgungskammer, and development finance institutions British International Investment, Norfund, and Finnfund.
Social finance. Realize Capital Partners closed its fund-of-funds at C$277 million (US$200 million) to back Canadian impact fund managers, pairing a C$135 million government anchor with C$141.7 million from Royal Bank of Canada, Concordia University, the Canadian Medical Association, and a dozen foundations.… Miami-based Lebec secured a strategic investment from Community Capital Management, a $7 billion fixed-income impact manager seeking private market exposure.
Return on inclusion. San Francisco-based Base10 Partners raised $850 million across two funds to back companies applying AI to financial services, healthcare, logistics, and transportation. Sofina and CalPERS anchored the raise alongside sovereign wealth funds and endowments. The Black-led firm also committed up to half of carried interest to HBCU scholarships and endowments.
