Lightrock gears up for Climate Impact Fund

The filing is dated 11 February and the vehicle is domiciled in Luxembourg.

Lightrock Climate Impact Fund is expected to make climate-focused impact growth investments.

Lightrock is affiliated with the Princely Family of Liechtenstein and asset manager LGT. It is headed by CEO and global managing partner Pål Erik Sjåtil, with its headquarters in London.

In 2021, the GP held a final close for Lightrock Growth Fund I on USD 900m. The fund makes impact investments on a global basis, focusing on the impact themes of people, planet and productivity. The fund provides growth capital in Series B and C rounds and its portfolio includes Germany-based urban farming startup Infarm.

LGT is the anchor investor in Lightrock Growth Fund I. Its private clients have also invested via its Lightrock Evergreen Fund.

Lightrock declined to comment.

Fundraising for impact and impact-driven funds reached new heights in 2021, with GPs raising EUR 4.1bn across 17 first and final closes, as reported. January 2022 saw the launch of EUR 300m impact growth fund Verdane Idun I, with Nuveen's USD 218m debut impact fund announcing a final close in February.

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