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PRINT THIS PAGE Generation Investment Management closes Climate Solutions Fund on $683m30/04/2008. Source: AltAssets. 
London-headquartered fund management firm Generation Investment Management has closed its Climate Solutions Fund on $683m. The fund is a 'cross over' fund that will invest in private and public companies. The Climate Solutions Fund was raised purely from the firm's existing investor base, according to a statement.
It will invest in areas including renewable energy technologies, building efficiency, cleaner fossil energy, sustainable agriculture and carbon markets.
David Blood, managing partner, Generation, said, 'Generation believes that sustainable development that addresses the climate crisis will be a significant driver of industrial and economic development over the coming decades. However, there is clearly a significant gap between the capital needed and the capital currently deployed to create enduring solutions to the climate crisis. As a result, investing in scalable solutions now is critical and our Climate Solutions Fund intends to do just that.'
Generation is chaired by former US Vice President and climate change campaigner Al Gore.
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