Headlines
Eurazeo raises 300 million euros for planetary boundaries fund
Published by Global Banking and Finance Review
Posted on March 3, 2025
Global Banking and Finance Review
Company
Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Published by Global Banking and Finance Review
Posted on March 3, 2025
By Simon Jessop
LONDON (Reuters) - French private equity investor Eurazeo said it has raised an initial 300 million euros ($314.64 million) for a fund investing in line with the planet's ecological limits and made its first investment in an agricultural pest-control firm.
The money raised at the first close of the Eurazeo Planetary Boundaries Fund, 10 months after its marketing launch, is 40% of the target amount of 750 million euros, Managing Partner Sophie Flak told Reuters.
The demand came from a range of institutional investors, including insurance companies, asset managers and family offices.
"Our fund is not based on regulation, it's not based on politics, it's based on the physical world ... you're seeing storms, fires and droughts, water shortages," Flak said.
"This fund is really about addressing the physical world challenges."
The fund uses a 'buy and build' strategy to scale up small- and medium-sized companies and has an advisory board of economic and environmental experts.
The fund's first investment was Bioline AgroSciences, which designs, produces and markets biological-based solutions to prevent pests destroying crops such as berries, flowers and vegetables.
The company, which the fund will take a majority stake in alongside family-owned impact investment fund Aurae, operates six factories across the United States, Britain, France, Spain and Kenya.
($1 = 0.9535 euros)
(Reporting by Simon Jessop; Editing by Tomasz Janowski)