Morgan Stanley Investment Management, a capital management firm with 1,200 investment professionals globally and $1.3 trillion in assets under management, has launched 1GT, a private equity platform focused on the environment.
1GT is focused on investments in companies that will avoid or remove one gigaton of carbon dioxide-equivalent emissions from the Earth’s atmosphere from the date of the investment through 2050, the date by which the United Nations has mandated “Net Zero” must be achieved. Part of MSIM’s $200 billion alternative investments business, 1GT is targeting investments in private companies based primarily in North America and Europe whose products or services work to enable improvement in their clients’ carbon footprint. Since 2015, the 1GT team has deployed approximately $600 million of capital to companies.
“1GT is a further example of MSIM’s commitment to providing innovative solutions and market-leading products that help our clients address time-critical sustainability issues while meeting fiduciary obligations to their investors,” states Navindu Katugampola, MSIM’s global head of sustainability.