The CEFC has committed $80 million to the IFM Investors Private Equity Growth Partners Fund alongside the legalsuper and HESTA superannuation funds. IFM has an established track record of helping drive down emissions within its private equity portfolio companies and has achieved carbon neutral certification from Climate Active, the Australian Government certification standard.
Established by industry super owned IFM Investors and managed by the IFM Investors private equity team, the new fund aims to invest in companies with high growth potential, resilient and profitable business models and strong management. The companies, predominantly focused in the Australian technology, business services and healthcare sectors, will be chosen based on their potential to drive a material reduction in emissions. Importantly, this will include innovative companies with the potential to capitalise on the transition to net zero emissions by bringing new technologies and business models to market.