TORONTO – The Atmospheric Fund announced today that it has invested in PaceZero Capital Partners’ Sustainable Credit Fund II.
PaceZero Capital Partners is an industry-leading impact-focused private credit firm investing in growth-stage businesses that deliver positive social and environmental outcomes.
Established in 2021 and based in Toronto, Canada, PaceZero makes market-based investments primarily into private corporate borrowers, providing flexible capital that falls between traditional growth equity and commercial debt. PaceZero Sustainable Credit Fund II‘s existing Limited Partners include notable impact-focused investors including the Social Finance Fund of Canada, through Realize Capital Partners, among others.
“We chose to invest in PaceZero because of their direct positive impact on carbon reduction in the GTHA,” said Kristian Knibutat, VP of Impact Investing. “PaceZero demonstrates that investing in social and environmental outcomes can deliver market returns. Having co-invested with PaceZero in the past on EV charging initiatives, we know they are an excellent investing partner and look forward to continuing to support their low-carbon mission.”
PaceZero is focused on core investment themes of Agriculture and Ecosystems, Energy Transition and Health and Education, which represent a broad range of business services and industry sectors. PaceZero’s sustainable investment methodology draws from globally recognized impact investing frameworks which guide impact metric selection, measurement and reporting.
“The Atmospheric Fund is recognized in the industry as a leader in impact investing,” said Jordan Peckham, Founder and CEO of PaceZero. “We have developed a strong relationship with the investments team at TAF over the years and are thrilled to have them onboard as partners for Fund II”.
About The Atmospheric Fund
TAF is a regional climate agency that invests in low-carbon solutions for the Greater Toronto and Hamilton Area. TAF advances the most promising concepts by investing, providing grants, influencing policies and running programs with a particular interest in ideas that offer benefits beyond carbon reduction such as improving people’s health, creating new green jobs, boosting urban resiliency, and contributing to a fair society. TAF is a proud member of the Low Carbon Cities Canada (LC3) network.
About PaceZero Capital Partners Ltd.
PaceZero Capital Partners is an independent impact-focused private debt firm, headquartered in Toronto, Canada. PaceZero executes credit investments in established, high-growth companies developing innovative technologies that drive improved social and environmental outcomes. We focus on core themes of agriculture and ecosystems, energy transition, and health and education.
Contact
TAF, Julie Leach, jleach@taf.ca
PaceZero Capital Partners, info@pacezero.com
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