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Growth Opportunities Fund
Case study

Growth Opportunities Fund opens clean energy doors for wholesale investors

Australian Ethical offers a scaled, diversified portfolio

The CEFC cornerstones the Australian Ethical Growth Opportunities Fund, which provides wholesale investors with access to a new investment vehicle backed by high-impact, sustainability-aligned assets that are helping to decarbonise the Australian economy.

$125 million

CEFC commitment

Climate-positive

assets

Investment

catalyst

By backing a new institutional vehicle with CEFC investments, we are helping to establish a scalable platform for climate-focused assets, crowding in capital and expanding the reach of sustainable finance to a broader audience to accelerate Australia’s decarbonisation.
Heechung Sung
Executive Director, CEFC
Our investment

The CEFC has committed up to $125 million, as a cornerstone investor in the Australian Ethical Growth Opportunities Fund (the Fund), by transferring selected existing investments into the Fund.

It is the first time the CEFC has transferred existing investments into a new fund to support the creation of a new investment vehicle and catalyse the next phase of growth for sustainable finance in Australia.

The CEFC commitment sits alongside a $500 million seed commitment from Australian Ethical. The Fund has a scaled, diversified portfolio of renewable energy, infrastructure, natural capital and climate tech assets.

The CEFC retains exposure to its underlying transferred investments through its participation in the Fund, while helping crowd in private capital.

The Fund is a scalable platform for climate-focused assets that is structured around five key thematics:

       decarbonisation

       digitalisation

       urbanisation

       circular economy

       changing demographics.

 

 

OUR IMPACT

The CEFC takes an economy-wide approach to decarbonisation, collaborating with investors, innovators and industry leaders to spur substantial investment where it will have the greatest impact for Australia’s net zero emissions ambitions.

The wholesale investor segment is a rapidly growing area that provides critical finance for innovation and is reshaping Australia’s investment landscape.  An estimated 18 per cent of Australians meet wholesale investor criteria.1

The Growth Opportunities Fund is designed to broaden the wholesale investor market’s access to high-impact private market investments that are helping to decarbonise the Australian economy.

The Fund incorporates an impact measurement and management framework across the portfolio. An open-ended structure provides flexibility to meet the needs of wholesale investors.

 

With the road to net zero before us, this Fund allows investors to capitalise on the long-term growth opportunity this presents and feel good about where their money is invested.
Ludovic Theau
Chief Investment Officer, Australian Ethical

1.      Parliamentary Joint Committee on Corporations and Financial Services, Wholesale investor and wholesale client tests, 2025.

 

Last updated April 2026. National, Investment funds, Low emissions, Renewable energy, Energy efficiency
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