Specialist impact investor Blue Earth Capital announced the launch of its first dedicated impact strategy, raising commitments of more than US$100 million from institutional investors in Europe and the U.S.
Founded in 2021, Switzerland-based Blue Earth Capital targets investments addressing the world’s most pressing social and environmental challenges while aiming for attractive and market-rate financial returns, through dedicated private equity, private credit, and multi-asset solutions.
Blue Earth said that it has been active in secondaries since 2021, and that it launched the new strategy as impact investing has matured and demand has grown for liquidity solutions. Impact secondaries provide exposure to seasoned, high-impact assets and can help mitigate blind-pool, concentration and duration risks, while supporting more efficient portfolio construction.
The strategy will invest globally, targeting sectors including climate action, the circular economy, financial inclusion, healthcare and education. According to the firm, this will also ensure liquidity in the impact investing market, allowing investors to exit positions and recycle capital into new sustainable impact opportunities.
Nicolas Muller, Head of Private Equity Partnerships at Blue Earth Capital, said:
“Blue Earth Capital has played a crucial role in shaping the impact secondaries asset class for several years. The first close of our dedicated impact secondaries offering marks an important milestone, underscoring our role as a catalytic player in addressing a key challenge in impact investing: liquidity.”
Investors in the new secondaries strategy include French development finance institution Proparco, the Ursimone Wietlisbach Foundation, and Stella, the investment entity of a German family foundation.
Philipp Mueller, CEO of Blue Earth Capital, said:
“This innovative offering leverages our strong secondaries and impact capabilities, as well as our extensive network. It fills a crucial gap in the impact sector and presents an attractive opportunity to generate both impact and returns.”
As part of the new strategy, Blue Earth Capital said that a dedicated sleeve focused exclusively on emerging markets has been structured to support the development of a more accessible and efficient secondary market in regions where activity has historically been limited. This specific allocation includes a first-loss tranche provided by Proparco and supported by the EU through the EFSD+, designed to mobilize private capital and enhance risk-adjusted returns in underserved markets.
Françoise Lombard, CEO of Proparco, said:
“As an anchor investor in this inaugural initiative, our objective is to enhance market liquidity, strengthen exit pathways, and ultimately reinforce long-term investor confidence in these regions. Over time, we are convinced that this strategy will help channel sustainable private capital more effectively to where it can generate the greatest impact.”
The strategy’s initial portfolio includes a GP-led continuation transaction managed by Suma Capital involving Gestcompost, Spain’s largest organic waste treatment manager, and an LP-led transaction acquiring stakes in four impact funds operating across India and Africa.
