Blue Earth Capital, a specialist impact investing firm, has raised an additional $100 million and completed a second close for its inaugural dedicated secondaries fund. The fund attracted commitments from two family offices linked to the Walton family, founders of Walmart, and a San Francisco-based impact investment firm. Total capital raised now exceeds $200 million, marking a significant milestone for the firm rapido. The close demonstrates growing interest in impact secondaries, as investors seek both financial returns and measurable social impact.

Blue Earth Capital’s focus on secondaries allows investors to purchase stakes in existing impact-focused funds, providing liquidity and diversification while maintaining a commitment to positive outcomes. The firm’s strategy aligns with a broader trend of mainstream investors integrating ESG criteria into portfolio construction.

The involvement of high-profile family offices underscores confidence in the impact secondaries space, and the partnership with a San Francisco-based impact firm highlights the geographic concentration of expertise in the sector. As more capital flows into dedicated impact secondaries funds, the market is poised for increased depth and sophistication.

Overall, Blue Earth Capital’s successful fundraising round signals robust demand for impact-focused alternatives and cements the firm’s role as a leading player in the evolving secondaries landscape.