Impax Climate Property Fund

United Kingdom

Last updated 12 May 2020, by Impactyield.

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Impax Climate Property Fund (ICPF) invests in mainstream commercial property in major UK cities, focused on retro-converting existing buildings and making core standing investments. The fund, with £69m equity and now fully invested, has an emphasis on sustainability, energy efficiency and low carbon adaptable buildings.

Asset class


Fund style

Not listed

Financial description

The Fund’s objective is to provide Investors with medium to long term growth through investments in sustainable property in the UK from a combination of income return and capital growth.

14 years

of track record


the year funded



Asset manager

Impax Asset Management


Headquarters location:

Other funds managed by this asset manager: Impax New Energy Investors Fund IIImpax Specialists Strategy

SDG goals

SDG targets


Impact Category

Themes impacted

Key performance indicators

Fund overview

Asset manager: Impax Asset Management

Product track record: Fund has 14 years of track record

Target IRR: n.a.

Committed Capital: n.a.

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:


Inception year: 2009

Vintage year: n.a.

Target region: , , ,

Target close date: n.a.

Product term: 8

Assets under management: n.a.

Investment size: Min: 0; Max: 0; Avg: 0

Co-investment policy:

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 4

Fund investments to date exited or repaid: 3

Management fee: n.a.

Carried interest: n.a.

Hurdle rate: n.a.

GIIN Investors' Council Investment: No

Limited Partners / Investors: n.a.

Limited Partner / Investor Type: Pension Funds, Other Institutional Investors


E-mail: n.a.


Phone number: 2074322655.00

If you wish to have your details removed from this database please email

Esme Lowe

Managing Director

Gillian Ryan

Fund Investor Relations Specialist

Impact Performance


Impact thesis

The Manager invests in a portfolio of property assets designed to mitigate and adapt to the effects of climate change and produce superior returns. The Fund invests in assets that are capable of meeting the highest standards such as BREEAM or international equivalents, with an emphasis on sustainability and energy-efficiency improvements.

Impact Management


Financial benchmark

Term Description:


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