Former Macquarie Capital chief Tim Bishop’s new climate investment firm, Wollemi Capital, has raised $220 million to fund its expansion and attracted Commonwealth Bank as a strategic investor and partner.
CBA said Wollemi – which will invest in agriculture and food technology, new energy market infrastructure and other businesses reducing greenhouse gas emissions – would help the bank develop expertise around emerging technologies to support the economy’s transition towards net zero. CBA declined to reveal the size of its equity investment.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com
