This is a notable article on fundraising by a well established fund, driven by sustainability performance, and more particularly CAPEX on portfolio assets. The direction of travel is clear and this is a marker as to the state of play. Perhaps we will see more and more funds driving towards a net zero position, rather than risk lagging behind peers and underlying investor/ occupier sentiment. Yet, unquestionably, as the regulatory regime tightens, net zero driven CAPEX will not be viewed through the lens of the “nice to have”, but as an absolute necessity.
The capital will finance a capex programme delivering ESG-related improvements across the portfolio, supporting its strategic aim of being the most sustainable fund within its UK peer group
https://www.egi.co.uk/news/patrizia-raises-75m-to-decarbonise-hanover/