Grosvenor Group has injected $26m into GreenSoil Building Innovation Fund, increasing the fund's total to $55m, over halfway to its target size of $100m.
Canada-based GreenSoil Building Innovation Fund (GBIF), a growth equity vehicle set up by investment firm GreenSoil Investments, has attracted a $26m commitment from property corporation Grosvenor Group, according to BetaKit.
GBIF was launched in May 2015 with an initial $25m in capital from unnamed backers. The fund has a target size of $80m to $100m and is concentrating on the real estate sector, with an initial focus on North America.
Grosvenor expects the investment will help GBIF diversify its portfolio.…
