Announcing Ivanhoé Cambridge’s US$85 Million Investment Across Four Fifth Wall Funds as It Becomes the First Investor in Fifth Wall’s Climate Tech Fund
We are excited to announce that Ivanhoé Cambridge has committed US$85 million across four Fifth Wall funds focused on Climate Tech, Retail, and Real Estate Technology in North America and Europe.
Ivanhoé Cambridge’s multi-product investment demonstrates the company’s commitment to accelerating technology adoption and innovation across its ~US$50 billion / C$60.4 billion worth of assets globally — a portfolio that includes interests in more than 1,100 buildings primarily in the industrial and logistics, office, residential, and retail sectors — and we believe underscores Fifth Wall’s value as trusted partner, advisor, and investor across multiple value-driving vectors in the global real estate industry.
Ivanhoé Cambridge is also the first investor in Fifth Wall’s Climate Tech Fund, demonstrating the firm’s understanding of the importance of Climate Tech investing to support its innovation and sustainability goals and advance its standing as a leader in the decarbonization of the real estate sector. Ivanhoé Cambridge clearly recognizes that Climate Tech investing is a critical pillar of any strong sustainability mandate for a real estate owner, and Fifth Wall is so thrilled to be entrusted with their important commitment to Climate Tech.
We find it incredibly encouraging to see such a large institutional real estate capital allocator make such a significant commitment to actually investing into the technology and R&D required to decarbonize the real estate industry, and hope that Ivanhoé Cambridge’s actions galvanize more major real estate capital allocators to actually invest capital into Climate Tech, to help develop and commercialize the solutions required to achieve their sustainability mandates.
Proptech is no longer niche; it is now one of the largest categories of venture capital and is transforming the real estate industry, as evidenced by:
- $64B+ invested in Proptech over the last five years¹
- $250B+ in total public / private enterprise value in Proptech companies²
- 55+ Proptech unicorns having already emerged already³
Ivanhoé Cambridge’s significant commitment to Fifth Wall symbolizes their deep understanding of how important Proptech has become, and we expect more forward-looking capital allocators to the sector will recognize that investing in technology and innovation will become increasingly core to their businesses.
We are thrilled to have the opportunity to work with Ivanhoé Cambridge across our funds and are inspired by the company’s recognition of the opportunity to leverage Fifth Wall’s technology and innovation investments to support its strategic goals now and into the future.
If you’re interested in learning more about the partnership between Fifth Wall and Ivanhoé Cambridge across these various initiatives, check out my interview below with Sylvain Fortier, Chief Investment & Innovation Officer at Ivanhoé Cambridge, where we discuss:
- why large real estate capital allocators need to have a technology investment strategy for proptech that is multi-dimensional and global; and
- how the real estate industry can step up and begin investing in the technology that is required to decarbonize its assets.
Ivanhoe Cambridge currently is an investor in one or more Fifth Wall funds and has, and may have in the future, other business relationships with Fifth Wall and its affiliates. Fifth Wall did not compensate Ivanhoe Cambridge directly or indirectly for its participation in the blog. Ivanhoe Cambridge has, and is expected to continue to have, certain preferential rights in Fifth Wall funds and its other strategic or business relationships with Fifth Wall or its affiliates, including preferential access to certain investment opportunities and access to certain strategic advisory services provided by affiliates of Fifth Wall unrelated to Ivanhoe Cambridge’s investments in any Fifth Wall funds. As a result, Ivanhoe Cambridge’s views with respect to Fifth Wall are not necessarily indicative of the views of other investors in Fifth Wall funds, including those who do not have access to such preferential rights.
¹ CRETech
² HSBC Global Real Estate
³CB Insights; Unicorn, a company whose latest financing round was at a post-money valuation that exceeds $1 billion
