SAN FRANCISCO, Feb. 23, 2017 /PRNewswire/ -- Sonen Capital announced the final close of its Global Sustainable Real Assets Fund (the "Fund"), a $75 million private global real assets impact investment fund. The strategy seeks to accelerate the transition to a low-carbon environment, promote resource use efficiency and increase the stock of land, water and trees under sustainable management. To date the Fund has already made eight commitments addressing affordable housing, clean energy, green real estate and timber in Africa, Asia and the U.S. The fund achieved its capitalization target with contributions from a global mix of family offices, foundations, and financial institutions.
Commenting on the close, Raul Pomares, Founder of Sonen Capital, noted that "Together with our LPs, we will work to meet our impact objectives of sustainability, efficiency, renewability and restoration with strong returns by investing in a global portfolio of high-quality real asset managers. The Fund will be diversified across sectors, strategies, investment stages and geographies. We are excited about the opportunity to address head-on the pressing challenges of natural resource scarcity and broad climate change through the deployment of these assets."