Climate

The government also created the Powering Australia Technology Fund, which has the capacity to make venture, growth equity and fund investments and provide development capital.

Peter Cashion, managing investment director for sustainable investments, will present the plan, which includes another $53bn for climate solutions investments, 10 more sustainability staff, scenarios analyses and options for divestment.

Climate tech funds have completed some of the largest fundraises this year, in spite of capital constraints that have reduced allocations to more generalist venture funds.

With $23bn raised by new climate funds so far in 2023, the largest increase in the number of funds has been in smaller vehicles under $50m.

By partnering with multiple technical universities and engaging corporations seeking to innovate, the Brussels firm plans to fast-track commercialization of new technologies.

The Innovation & Expansion Fund's investors include endowments, foundations and family offices.

Investors include Japan Bank of International Cooperation, which anchored the fund, as well as BaltCap, Honda, Omron and Swedbank pension funds.

Local energy companies Devon, Williams and Oneok are founding partners of an incubator and venture fund aimed at jumpstarting an innovation economy in Oklahoma’s second largest metro area.

The New York asset manager’s LPs include family offices and smaller public pension funds that appreciate its investments in real assets that provide essential services to strengthen power grids.