Fifth Wall hopes to close its climate technology-focused fund at $500m having secured capital from Invitation Homes and Ivanhoé Cambridge.

US-based venture capital firm Fifth Wall has raised over $140m for its Climate Tech Fund, from investors including housing provider Invitation Homes and property manager Ivanhoé Cambridge.

Other limited partners committed to the fund include real estate investment trusts Equity Residential, Hudson Pacific Properties and Kimco Realty Corporation.

Fifth Wall is targeting $500m for the final close of the fund, which will invest in developers of technology that can contribute to decarbonisation of the real estate sector.

The firm has…

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