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Tribeca Investment Partners launches innovative carbon credit trading fund
Tribeca Investment Partners has successfully achieved its carbon credits investment joint venture and the launch of its $500 million carbon fund.
Naomi Neilson
Firm: Corrs Chambers Westgarth (Tribeca Investment Partners)
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Deal: Independent law firm Corrs Chambers Westgarth has advised Tribeca Investment Partners on a carbon credits investment joint venture and the launch of its $500 million carbon fund.
Value: $500 million.
Area: Investment.
Key players: The team was led by corporate partner Gaynor Tracey and alternative investment funds partner Fadi Khoury.
Deal significance: The joint venture between Tribeca and Viridios Capital, VT Carbon Partners, will launch the VT Carbon Fund with an initial $500 million portfolio of nature-based carbon credits acquired through secondary market purchases and primary offtake agreements with developers.
Commenting on the launch, Mr Khoury said: “The timing of the fund launch coincides with the global push for a structured carbon credit market as government leaders meet at COP26 in Glasgow this month. From an investor perspective, the fund provides timely access to this new asset class.”
Ms Tracey added: “The fund will take advantage of sector tailwinds as miners and industrial companies globally look at buying carbon credits to achieve net zero emissions by 2030.”
