Bank of America, Sustainable Markets Initiative launch $40 million nature vehicle run by Eurazeo

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Eurazeo has joined the Sustainable Markets Initiative and Bank of America to set up the Lighthouse Initiative, which aims to steer private capital into nature and biodiversity worldwide. It launched on 23 September 2026 with $40 million in combined commitments. Bank of America and Eurazeo are its cornerstone investors, and it is built so further partners can join and add to its size. Brian Moynihan is chairman and chief executive of Bank of America and also chairs the Sustainable Markets Initiative, so two of the three partners share a chairman.

The money will go into minority stakes in project-development platforms and selected technology-based solutions, in developed and emerging markets. Each investment must serve at least one target of the Kunming-Montreal Global Biodiversity Framework, such as the "30x30" goal of conserving at least 30% of the planet's land, inland water, coastal and marine areas by 2030. Priorities range from regenerative farming and forestry to bio-based materials, project platforms modelled on infrastructure, and tools that measure nature outcomes, such as environmental DNA monitoring.

Eurazeo's Future Industries team will run the initiative and track results with biodiversity-specific indicators. Matthieu Bonamy, a partner on that team, called biodiversity "one of the most underfunded investment themes". The opening $40 million is one attempt to change that.