Al Gore's Generation Investment launches US$1.7bil fund


AN investment group chaired by former U.S. Vice President Al Gore on Wednesday launched a $1.7 billion fund to take minority stakes in private companies focused on what it called a sustainable future.

Generation Investment, co-founded by Gore, said it has $36 billion under management in private- and public-company funds that focus on investments with strong environmental, social and governance (ESG) records.

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