QBE NA launches QBE Possibilities Fund
QBE North America has launched the QBE Possibilities Fund, an initiative to support early-stage climate solutions that are seeking to contribute to a more resilient and sustainable future.
The QBE Possibilities Fund operates by providing philanthropic capital and building partnerships for impact-first investments through ImpactAssets, a donor-advised fund based in the US. The primary mission of the QBE Possibilities Fund is to help accelerate the development and adoption of climate solutions with the potential to have a significant impact on future climate resilience and stability.
Further, QBE aims to contribute expertise and resources through the QBE Possibilities Fund in an effort to collectively address climate challenges and enhance global resilience.
“With today’s climate challenges, collaboration, partnerships and strategic capital allocation are essential to support early-stage climate innovations. Our goal is to work together to nurture and advance these technologies, supporting their transition into practical solutions.” – David Mulligan, Chief Operating Officer, QBE North America.
The QBE Possibilities Fund has already contributed to two strategic investments:
- Azolla Ventures: A blended capital fund launched by Prime Coalition that focuses on solutions with profound climate impact potential.
- ReGen Ventures: An early-stage fund investing in regenerative technologies, particularly in the areas of food and agriculture, materials and products, and decarbonization.
The QBE Possibilities Fund is committed to responsible environmental stewardship by leveraging philanthropic capital to help navigate early-stage risk and catalyze follow-on investment. This approach underscores QBE’s dedication to supporting climate solutions and contributing to the growth stages of emerging climate technologies.