NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

As global investment in the clean energy transition hit a record $2.1 trillion in 2024, Aligned Climate Capital (Aligned) completed the final close of its second venture fund, Aligned Climate Fund 2 LP (ACF2), at $85 million. The fund, which is twice the size of Aligned’s first fund, focuses on scaling proven clean energy and decarbonization solutions with investments across clean energy, efficient and resilient infrastructure, electric transportation, and sustainable land use. ACF2 included investments from the Ford Foundation and The Rockefeller Foundation, along with other leading pensions, corporations, endowments, foundations, and family offices. To date, Aligned has raised $145M through its venture strategy.