Investcorp set to launch new climate-focused investment platform before Cop28 – The National

Investcorp set to launch new climate-focused investment platform before Cop28 – The National

Investcorp, an alternative asset manager that counts Mubadala Investment Company as its biggest shareholder, is launching a new climate-focused investment platform and will have the funding in place before the start of Cop28 climate conference in the UAE, its co-chief executive has said.

The new investment vehicle under Investcorp’s private equity business will take up stakes in companies in sectors ranging from mobility to climate technology, as well as the carbon management and energy transition and storage industries, Rishi Kapoor told The National in an interview.

It is “all about capturing the opportunity resulting from a clear consensus that has developed around the world with respect to reduction of carbon emissions”, Mr Kapoor said.