Virgin Green Fund gains traction with CalPERS investment
Virgin Green Fund, the first green investment fund set up by U.K.-based Virgin Group, has raised $199 million from two large pension funds — CalPERS, Wolverhampton City Council — and other institutional investors to reach its first close, reports the Financial Times. CalPERS made its investment through PCG Clean Energy & Technology Fund. Macquarie Bank’s Clean Technology Fund is another prominent investor.
The fund was set up last year to make investments in renewable energy and… Continue Reading