Key Takeaways
- • Clifford Chance advised Generation Investment Management on the final close of Sustainable Private Equity Fund II (SPEF II), which raised over $1 billion combined with related co-investment vehicles to deploy capital into sustainability-focused platform businesses.
- • SPEF II targets scaled, mission-critical businesses driving the sustainability transformation across their respective industries, representing Generation IM's second fund in its private equity strategy focused on environmental and social impact.
- • The Clifford Chance engagement was led by private funds partner Gerard Saviola alongside partners Lily Marcel, Laura Underhill, and Isabella Mashru, supported by counsel Gabby Kellogg and associates Marina Naydenov and Sam Robinson.
- • The fund's final close marks a significant milestone for Generation Investment Management, a pure-play sustainable investment manager founded in 2004 that exclusively focuses on sustainable and impact-driven investments across multiple asset classes.
Summary
Global law firm Clifford Chance has closed its advisory engagement with Generation Investment Management on the final close of Sustainable Private Equity Fund II, according to an announcement dated July 2, 2026. The fund, together with related co-investment vehicles, exceeded $1 billion in capital commitments, positioning it as a substantial vehicle for deploying capital into sustainability-focused businesses.
SPEF II represents the second iteration of Generation IM's dedicated private equity strategy. The fund targets scaled, mission-critical businesses that are actively driving the sustainability transformation within their industries. This investment focus aligns with Generation IM's broader corporate mandate as a pure-play sustainable investment manager that has operated exclusively within the sustainable investment space since its founding in 2004.
The Clifford Chance team structure reflected the complexity and scale of the engagement. Private funds partner Gerard Saviola led the advisory team, with support from partners Lily Marcel, Laura Underhill, and Isabella Mashru. The team was supplemented by counsel Gabby Kellogg and associates Marina Naydenov and Sam Robinson, representing a multi-disciplinary approach to fund formation and documentation.
Generation Investment Management's sustainability-focused private equity strategy positions institutional investors and family offices seeking exposure to impact-driven platforms within a disciplined PE framework. The $1 billion+ raise for SPEF II demonstrates sustained investor demand for systematically managed private equity vehicles tied to sustainability transformation themes, particularly those targeting platform businesses with mission-critical positioning in their sectors.
SPEF II represents the second iteration of Generation IM's dedicated private equity strategy. The fund targets scaled, mission-critical businesses that are actively driving the sustainability transformation within their industries. This investment focus aligns with Generation IM's broader corporate mandate as a pure-play sustainable investment manager that has operated exclusively within the sustainable investment space since its founding in 2004.
The Clifford Chance team structure reflected the complexity and scale of the engagement. Private funds partner Gerard Saviola led the advisory team, with support from partners Lily Marcel, Laura Underhill, and Isabella Mashru. The team was supplemented by counsel Gabby Kellogg and associates Marina Naydenov and Sam Robinson, representing a multi-disciplinary approach to fund formation and documentation.
Generation Investment Management's sustainability-focused private equity strategy positions institutional investors and family offices seeking exposure to impact-driven platforms within a disciplined PE framework. The $1 billion+ raise for SPEF II demonstrates sustained investor demand for systematically managed private equity vehicles tied to sustainability transformation themes, particularly those targeting platform businesses with mission-critical positioning in their sectors.
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