Prince Albert foundation, investment fund form transformative partnership
The Prince Albert II of Monaco Foundation (FPA2) and Una Terra Venture Capital Fund (UT), a €200 million impact fund, have entered a transformative partnership dedicated to catalysing sustainable progress in climate change mitigation, biodiversity restoration and ocean conservation.
With a specific focus on the marine environment, the partnership is anchored in four core pillars:
1. Co-Investment: Both organisations will collaborate on the identification, due diligence, and co-investment in circular economy and ocean impact opportunities, pooling their resources and expertise to drive tangible change.
2. Education & Leadership: The alliance will promote sustainability and impact education, with a particular emphasis on nurturing leadership development in the realm of environmental conservation.
3. Events & Campaigns: The partnership will actively engage in collaborative efforts concerning significant events and campaigns aligned with their shared mission, providing a unified front in their endeavours.
4. Philanthropy: Both entities will join forces to spearhead philanthropic initiatives that are closely aligned with the overarching goals of this partnership, amplifying their collective impact.
Una Terra’s CEO & Founding Partner Luca Zerbini said the partnership with The Prince Albert II of Monaco Foundation represents a pivotal step towards fostering environmental sustainability.
“We are committed to leveraging our impact fund to drive tangible change in climate mitigation and biodiversity restoration across Europe together with significant partners like the foundation, who have aligned purpose and strong capabilities.”
Romain Ciarlet, Executive Director of The Prince Albert II of Monaco Foundation, added, “This partnership reflects our unwavering dedication to safeguarding our planet’s future. By collaborating with Una Terra, we can expand our reach and accelerate our efforts to combat climate change, protect biodiversity, and promote sustainability. Together, we envision a brighter, more sustainable future for all.”
The Prince Albert II of Monaco Foundation, founded by Prince Albert II, raises awareness, advocates eco-friendly behaviours and provides grants to further their causes. Since its creation in 2006, it has supported more than 750 projects worldwide for a total grant of €101 million.
In 2022, the foundation initiated the Ocean Innovators Platform (OIP) and established the ReOcean Fund in collaboration with Monaco Asset Management.
