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Bain Capital backs environmental commodity firm for carbon and natural assets | News

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A new environmental commodity company backed by Bain Capital’s partnership strategies arm has been launched to invest in carbon projects and natural assets.

Terra Natural Capital, backed by Pala Investments and Bain Capital Partnership Strategies, has invested across nature-based carbon removal projects globally, including mangrove restoration and afforestation, and holds long-term supply of the projects’ carbon credits. 

The company’s immediate investment pipeline is centered around nature-based carbon removal as well as high-impact energy efficiency projects that will enable access to consistent, high-quality credits in the near-term and at meaningful scale.

Terra will partner with public and private organisations to support their regulated and voluntary net zero targets 

Stephen Gill, co-founder at Terra, said: “Terra is built on three key pillars: legacy, accountability, and creativity, with the mission to apply these values to scale carbon markets. As 2023 proved to be the earth’s hottest year on record, we believe the need for innovative financing solutions to mitigate greenhouse gas emissions is at its most urgent today.”

Erica Vertefeuille, co-founder at Terra, said: ”Traditional banks and financiers are largely still absent from these markets. We believe there is a compelling, generational opportunity for Terra to step in to support best-in-class project developers and facilitate the scaling of carbon credit markets and natural capital as an asset class.” 

Michael Schor, managing director at Bain Capital Partnership Strategies, said: ”We are excited to enter this partnership with the Terra team to invest in large-scale, high-integrity carbon reduction projects. We look forward to supporting Terra as it addresses the acute shortage of high-integrity carbon credits.

”By providing flexible, institutional project finance, Terra will serve the accelerating global demand coming from more forward-thinking organisations.”

To read the latest IPE Real Assets magazine click here.

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