CIBC Capital Markets announces the closing of the Alpine Sustainability Fund

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CIBC Capital Markets is pleased to announce the closing of the Alpine Global Sustainability Fund (the “Fund”) on May 11, 2022. The Fund raised over US$50 million providing clients of CIBC Wood Gundy exclusive access to two of the most pre-eminent and sought-after funds focused on sustainability (Brookfield’s Global Transition Fund, co-led by Mark Carney and Connor Teskey; and Generation Investment Management’s Sustainable Solutions Fund IV).

Working in partnership with a number of groups across CIBC, the Fund also received an investment from CIBC, as part of the bank’s commitment to invest $100 million in Limited Partnership investments dedicated to investing in key climate tech and energy transition funds.

“We’re thrilled with the strong response from our investors to the Fund,” said Christian Exshaw, Managing Director and Head, Global Markets and Direct Financial Services at CIBC. “Being able to provide our clients exclusive access to these two funds that were not otherwise available to retail investors in Canada is yet another way CIBC is helping our clients achieve their ambitions.”

“Achieving net zero will require a whole economy transition, creating the greatest commercial opportunity of our time” said Mark Carney, Brookfield Vice Chair and Head of Transition Investing. “Our Fund gives us the firepower to partner with companies and countries as they embark on the massive investment needed, from clean energy to a wide range of innovative decarbonization services.”

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