Tuesday, December 15, 2020

Fifth Wall Adds New Partner With Climate Focus

Los Angeles-based venture investor Fifth Wall has added a new partner to the firm, Greg Smithies, to help it with its investments in climate related technologies. Smithies formerly was at BMW iVentures. The fund--better known for its real estate investments--disclosed today that it is raising a new, climate-focused fund targeted at at least $200M. Fifth Wall has not disclosed limited partners or current commitments in that new fund. Fifth Wall currently has $1.2 billion under management.