Real estate investor NREP, venture capital firm 2150, credit platform Velo Capital and new private equity investor Luma Equity have teamed up to launch an impact investment group, Urban Partners.
Together the group represents more than €20bn (£17.5bn) of assets under management and a “dedicated pool of constructive capital” that it plans to invest the assets, companies and technologies that will “accelerate decarbonisation and transform urban neighbourhoods”.
Claus Mathisen, chief executive at Urban Partners, said: “The launch of Urban Partners represents a new investment thesis and a new level of ambition. Only by taking an integrated approach, bringing together expertise from real estate, private capital, and credit will we be able to address the complex challenges of decarbonisation, affordability, health, biodiversity, urban efficiency and infrastructure that cities face. No-one can solve these challenges alone. We urge our peers to follow our lead.”
