Private equity giant General Atlantic says anti-ESG politics are slowing investor appetite for its second climate fund, despite strong portfolio performance. (Semafor)
The firm’s BeyondNetZero strategy—focused on decarbonization, efficiency, and emissions—remains intact, but US pensions are growing skittish about how climate investments might play in red or blue states.
“The noise is pushing investors slightly away,” said global climate head Gabriel Caillaux.