MELBOURNE, Australia, June 6 (Bernama-BUSINESS WIRE) — Specialist carbon market investor Carbon Growth Partners (CGP) has reopened its Carbon Growth Fund, seeking to raise US$200 million by mid-2024 including an initial US$20 million before the end of June 2023. The fund targets a 20% annual return by investing in a diversified portfolio of carbon credits and carbon offset projects.
The capital raise comes as CGP announced that its first fund, the Carbon Growth Opportunities Fund, has significantly outperformed major asset classes including cash, stocks, bonds, gold and crypto, generating a 17% return to investors since inception in July 2021^.