Investment management firm Milltrust International has launched an Asia-focused climate change fund targeting $500m in investments.
The equity fund, registered for sale in Hong Kong, Singapore, Ireland and the UK, is available to professional and accredited investors.
It invests primarily in Asian companies making positive impact against climate change. The fund is focused on renewable energy, environmental services, alternative energy, energy management technology and water, to name a few.
Milltrust also aims to make revenue-based donations from the fund to support local and Asian regional conservation programmes.
It will also grant access to a global network of contacts from academia, industry, government, and civil society to enhance the fund’s impact.
The Climate Impact Asia fund is in line with the United Nations Sustainable Development Goals, Milltrust said.