Temasek's Fullerton said to be raising up to $1b for new Asia-focused carbon fund

Temasek-backed Fullerton Fund Management is raising a new carbon fund focused on Asia, according to sources close to the development.

One direct source told DealStreetAsia that the private equity (PE) investor is targeting to raise between $750 million and $1 billion for the fund, while a separate source said that the firm is seeking around $600 million for the vehicle.