Cambia Capital, a Seattle-based real estate investment firm focused on eco-friendly and sustainable real estate projects, announced the initial close of its Douglas Fir Fund with $20 million of initial investment. The milestone marks a significant step towards accelerating the transition of the built environment towards a net zero economy.
The fund will begin deploying invested capital, exclusively targeting residential real estate projects that are built beyond current code requirements to third-party certified, green-built, or equivalent standards. As a $200 million alternative investment vehicle, the fund will measure and report on the impact generated by its investments, thereby delivering verifiable ESG returns to its limited partners.
Cambia Capital was launched late last year by three former executives of the climate-friendly technology company Green Canopy NODE, Aaron Fairchild, Andy Wolverton, and Susan Fairchild. The trio has decades of experience delivering targeted rates of return, with a focus on making measurable impacts on transformative real estate projects throughout the Pacific Northwest.
