Blue Earth Capital has announced that it has raised over $100 million for the first close of its newly launched impact secondaries strategy, marking a significant step forward in its efforts to build scale and liquidity within the impact investing ecosystem. The firm attracted commitments from a mix of leading US and European institutional investors, including Proparco, the French development finance institution, the Ursimone Wietlisbach Foundation, and Germany’s Stella foundation.
The new strategy is designed to invest globally across both developed and emerging markets, with a focus on high‑impact sectors such as climate action, the circular economy, financial inclusion, healthcare, and education. By targeting high‑quality secondary opportunities, the strategy aims to support mission‑driven companies while providing investors with exposure to seasoned assets and more flexible liquidity options.
Nicolas Muller, Head of Private Equity Partnerships at Blue Earth Capital, highlighted the importance of this milestone:
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.
Philipp Mueller, CEO of Blue Earth Capital, reinforced the strategic significance of the launch:
Thanks to the strong support of some of the most sophisticated impact allocators, we are proud to launch our dedicated impact secondaries strategy. 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.
Anchor investor Proparco emphasised the importance of strengthening liquidity pathways across emerging markets. Françoise Lombard, CEO of Proparco, commented:
We are proud to support Blue Earth Capital’s innovative mission to build a more efficient market for impact secondaries in emerging economies. 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 first close positions Blue Earth Capital to play a pivotal role in shaping the maturing impact secondaries market, providing much‑needed liquidity mechanisms while supporting scalable, mission‑aligned enterprises around the world.
