MSIM collects $500m for climate fund

1GT's investors include public and private pension funds and an insurance company in the Nordic region, Germany and the UK.

  • 1GT is focused on investments in growth-stage companies that will seek to collectively avoid or remove one gigaton of carbon dioxide-equivalent emissions from the Earth’s atmosphere
  • 1GT targets investments in private companies across the mobility, power, sustainable food and agriculture, and circular economy themes
  • Morgan Stanley Investment Management has $1.4 trillion in assets under management or supervision as of March 31, 2023

Morgan Stanley Investment Management has raised $500 million in the first close of its 1GT climate private equity fund.

1GT’s investors include public and private pension funds and an insurance company in the Nordic region, Germany and the UK.

1GT is focused on investments in growth-stage companies that will seek to collectively avoid or remove one gigaton of carbon dioxide-equivalent emissions from the Earth’s atmosphere from the date of investment through 2050, the date by which the United Nations has mandated “Net Zero” must be achieved.

1GT targets investments in private companies across the mobility, power, sustainable food and agriculture, and circular economy themes.

“We are extremely pleased by the strong investor support for 1GT,” said David N. Miller, head of Morgan Stanley Private Credit and Equity, in a statement. “This strategy provides our clients an innovative solution that seeks to address time-critical climate issues and brings Morgan Stanley’s considerable resources to portfolio companies to help accelerate climate impact and earnings growth to create more exit optionality.”

Morgan Stanley Investment Management has $1.4 trillion in assets under management or supervision as of March 31, 2023.