ArcTern Fund III close identifies OPTrust as a limited partner

ArcTern Ventures announced USD335 million of commitments for Fund III on January 22, 2024, exceeding its stated USD300 million target. OPTrust was named among the institutional limited partners, alongside TD Bank Group, Allianz, Church Pension Group and Credit Suisse Asset Management. ArcTern said the vehicle primarily targeted early growth companies in North America and Europe, particularly Series A and B businesses with substantial potential to reduce greenhouse-gas emissions. Investment themes included renewable energy, clean mobility, circular economy, sustainable food, agriculture and industrial decarbonization. The fund was registered under Article 9 of the European Union’s Sustainable Finance Disclosure Regulation. OPTrust’s individual commitment amount was not disclosed.