While some firms such as KKR have been focused on ESG and impact investing for more than a decade, a once exotic idea has gone mainstream and more PE firms are steering limited partner capital into ESG investments, especially those with a climate focus, such as renewable energy. Private equity funds that invest solely in renewable energy assets raised about $52 billion last year, a record, according to Bloomberg. And the money for such funds so far this year is 25 times the amount flowing to fossil fuel asset funding. READ MORE