How LPs Pick Climate Funds

How LPs Pick Climate Funds

Author: Hugo Rauch November 7, 2025 Duration: 53:01

This week on New Wave Weekly:

šŸ‘‰ How LPs really select climate funds

From 500 decks to a handful of checks, LPs reveal how they go about screening and selecting funds at the top of the funnel.

šŸ‘‰ What due diligence really looks like

The invisible marathon: deep dives, and months of follow-ups. Here’s how to keep momentum alive until the check lands.

šŸ‘‰ Impact vs. Returns: Can you have both?

Ferd, Carbon Equity, and Aurum Impact all say yes, but the road to proving market-rate climate returns is long, patient, and full of nuance.

***

Wave Makers:

Anniken - Ferd

Bas - Carbon Equity

Jan - Aurum Impact

***

Chapters:

(00:00) Introduction

(02:24) Selecting Climate Funds

(07:30) How to Get a First Meeting

(13:45) LP–GP Fit

(19:24) Common Mistakes

(22:55) Building an Edge

(26:54) Impact vs Returns

(33:20) Branding and Strategy Drift

(38:45) Market Sentiment & Returns

(41:11) Due Diligence Behind the Scenes

(47:41) Getting the First Commit



This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit newwavenewsletter.substack.com

Hugo Rauch hosts New Wave, a podcast that lives at the intersection of business ambition and scientific reality. This isn't about distant predictions or abstract science; it's a grounded exploration of the technologies and companies being built right now to address our environmental future. Each episode focuses on the practical journey, dissecting the models, the breakthroughs, and the hard decisions that define the climate tech landscape. You'll hear from founders, researchers, and investors who are actively shaping this space, getting into the specifics of what works, what doesn't, and why. The conversations move beyond hype to examine the tangible mechanics of creating viable solutions, from energy storage and sustainable materials to carbon removal and regenerative agriculture. It’s for anyone who thinks about the climate challenge not just as a crisis, but as a complex and urgent field of innovation. By tuning into this podcast, you gain a clearer understanding of the economic forces and scientific principles driving the next generation of environmental solutions. New Wave connects the dots between the lab, the boardroom, and the impact we need to see in the world, offering a sober yet optimistic look at where substantive progress is truly being made.
Author: Language: English Episodes: 89

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