Al Gore's sustainable investment fund has secured seven local institutional investors since the former vice president visited Australia in 2005.
Investors in the fund now include VicSuper, Vision Super and Print Super. The remaining three investors remain undisclosed.
Insurance Australia Group came on board in early 2006 as the first Australian investor in the Generation Global Sustainability Fund. Generation co-founder David Blood said the fund's focus on long-term sustainable investing had resonated with Australian superannuation funds.
"We are deeply committed to the Australian market. The sheer size of the market and growing awareness of sustainability issues makes it an important market for us," Blood told Investor Weekly.
Following success in the institutional market, the company has now launched into the retail market through a distribution agreement with Colonial First State.
Generation was co-founded in 2004 by Gore and former head of Goldman Sachs Asset Management Blood. The high-conviction manager aims to invest in 30 to 50 companies that meet its sustainable investment criteria.
