Jenson Funding Partners launches £60m green early-stage fund

Named Aurora I

Jenson Funding Partners has launched a new pre-seed to Series A fund focusing on the transition to net zero.

The £60m fund named Aurora I is set to be deployed in mid-2023 and will be managed by Jenson partner and CIO Jeffrey Faustin. Funding will be deployed over three years, with 60 pre-seed and seed stage companies in the first year, 20 follow-ons in the second year, and a final ten investments then made in the most successful firms. The fund will see 20% carried interest after limited partner capital is paid back and a 2% management fee for the first four years, then reducing to a 1.42% average annual fee, with total fees sitting at 14.31%.  BlackRock to launch two new PE funds after ...