General Atlantic raises $3.5 bln for climate investments

General Atlantic said Tuesday it drew in $3.5 billion to invest in climate solutions, including its first BeyondNetZero fund. The BeyondNetZero fund is structured as a companion fund to invest in climate growth equity companies alongside General Atlantic’s core global growth equity program. General Atlantic’s core program will generally contribute 25% of capital to each climate investment that meets this mandate, the firm said.

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