Australia’s Carbon Growth Partners hits $32m first close of Fund IIThe fund has raised from single- and multi-family offices such as Silverstrand Capi…

Australia-based Carbon Growth Partners has hit the $32-million first close of its second carbon fund, according to a senior executive at the investment firm.

The fund is on track to hit its $50-million initial target by the end of this year and may raise up to $100 million for the vehicle, shared Carbon Growth Partners’ chief executive officer, Rich Gilmore, in an interview with DealStreetAsia.