Future Planet Capital is set to receive up to $200m in capital from TW & Partners for its inaugural fund.

UK-based innovation platform Future Planet Capital (FPC) launched its inaugural fund today with a $30m initial commitment from asset management firm TW & Partners (TWP).

TWP, which will commit up to $200m in total, will act as a cornerstone investor alongside local government pension scheme Royal Berkshire Pension Fund.

The Future Planet Capital Fund will invest internationally, with TWP’s remit focused on sustainability, innovation and digital strategy. FPC focuses on companies emerging out of universities and surrounding centres of innovation.

TWP will become part of Future Planet Capital’s network of advisors, which already includes universities such as Stanford, Harvard, University of California Berkeley, Tsinghua, Oxford and Cambridge as well as Massachusetts Institute of Technology.

Lord Foster, chairman of Future Planet’s advisory board, said: “Sustainability and anticipating the future are at the heart of everything I do, both in professional practice and through the Norman Foster Foundation.

“I believe that connecting the world’s biggest investors with the best minds innovating around the world today is one of the keys to a sustainable future.”