Europe's largest impact funds closed in H1 – and who's raising next
10 Jul 2026
06:00
European GPs defied a tough fundraising market to close over a dozen $100m-plus impact funds in the first half of 2026.
The new vehicles pool capital from pension giants, family offices, and institutions, and direct it toward everything from fusion energy reactors to wildlife tracking software.
In this deep dive, largely based on exclusive interviews with each fund manager, we reveal:
–> The biggest fund's from H1
–> The LPs behind them and how they will invest
–> Plus the more funds that launched and are now raising
The new vehicles pool capital from pension giants, family offices, and institutions, and direct it toward everything from fusion energy reactors to wildlife tracking software.
In this deep dive, largely based on exclusive interviews with each fund manager, we reveal:
–> The biggest fund's from H1
–> The LPs behind them and how they will invest
–> Plus the more funds that launched and are now raising
European impact investors closed over ten funds with a size of $100m or more in the first half of 2026 – a total pot of over €4bn. And that capital landed in a market few would call friendly.
Partech, which sealed its €300m impact fund in March, called the current fundraising environment "the toughest in a decade". Virginie Morgon, founding partner and the ex-CEO of Eurazeo, told Impact Loop in April that it was the worst fundraising landscape she’d seen in 25 years.