TLDR:
ArcTern Ventures has successfully closed ArcTern Ventures Fund III with a total capital commitment of $335 million. The fund, led by General Partners Marc Faucher and Murray McCaig, will invest in technology companies that are developing innovative solutions in renewable energy, clean mobility, circular economy, sustainable food, and agriculture and industrial decarbonization. The limited partners of Fund III include TD Bank Group, Allianz, Church Pension Group, OPTrust, Credit Suisse Asset Management, and other investors.
Key Points:
– ArcTern Ventures has closed ArcTern Ventures Fund III with $335 million in total capital commitments.
– The fund will invest in technology companies focused on renewable energy, clean mobility, circular economy, sustainable food, and agriculture and industrial decarbonization.
– Limited partners of Fund III include TD Bank Group, Allianz, Church Pension Group, OPTrust, Credit Suisse Asset Management, and other investors.
– The fund will prioritize companies with the greatest potential for greenhouse gas avoidance.
– Fund III will be registered as an Article 9 fund under the European Union’s Sustainable Finance Disclosure Regulations.
– The fund will be measured against climate impact criteria to quantify and verify investments’ offset emissions.
– ArcTern Ventures is a Toronto-based venture capital firm focused on addressing climate change and sustainability.
