Sydney – Oct 27, 2021: Viridios Capital and Tribeca Investment Partners today announce a fund management joint venture – VT Carbon Partners, created to address the intense global demand for nature-based and other high-impact carbon credits.
VT Carbon Partners’ first fund – The VT Carbon Fund, has already accumulated rights to a $500 million portfolio of nature-based carbon credits targeting Australian and Asia based companies wanting to voluntarily offset their carbon emissions. The fund is planning future raisings over 2022.
Viridios Capital CEO, Eddie Listorti said “There is a scarcity of high-impact offset opportunities available to companies pledging to decarbonize, particularly for companies that must rely significantly on offsets to address their high carbon emission rates.” He added that “This supply shortage is historically attributed partly to a lack of funding for project origination”. “The VT Carbon Fund provides a substantial opportunity in the critically important nature-based carbon avoidance and removal credits to those companies.”
Adam Lavis, CEO of Tribeca Investment Partners added that “The VT Carbon Fund is building inventory in partnership with the world’s largest offset project developers offering the fund’s investors the best nature-based carbon credits available globally”.
VT Carbon Partners is expected to announce further details of additional and ongoing fund opportunities in coming weeks.
About Viridios Capital
Viridios Capital allocates investment capital to carbon finance projects in line with its nature-based market-creation strategy. The company develops and deploys proprietary technology to value, structure, and originate emissions offsets and sustainable development assets, facilitating investment flows and investor returns. Viridios Capital also provides structuring and advisory on sustainable development assets, ESG facilitation, carbon credit portfolio and registry management. With offices in Sydney, London and New York, Viridios was founded in 2019 and holds Australian Financial Services Licence 521837. For more information, visit viridioscapital.com
About Tribeca Investment Partners
Tribeca Investment Partners is a specialist, active investment and advisory firm with offices in Sydney and Singapore. Leveraging its multi-asset class expertise across equities, credit and natural resources, Tribeca has a demonstrated track record of investment innovation. Over the last two decades, Tribeca has developed deep partnerships with sophisticated investors offering unique and bespoke access to investment strategies and opportunities not available to all market participants. Tribeca’s active style and shared intelligence allow for targeted opportunism and a nimble approach to identifying value in areas of the market which are less understood and researched. Tribeca holds Australian Financial Services Licence 239070. For more information, visit tribecaip.com
Head of Investor Relations, Marketing and Communications
Tribeca Investment Partners
Head of Investor Relations