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Latham & Watkins Advises Bregal Sphere on Participation in Imperative’s US$114 Million Funding Close for One of the World’s Largest Ecosystem Restoration Projects
April 29, 2026
Multidisciplinary team represents the institutional natural capital investor in landmark ecosystem restoration financing.
Bregal Sphere, an impact investing platform launched by Bregal Investments, has announced its participation in the US$114 million funding close for Imperative’s Spekboom ecosystem restoration project in South Africa.
The close scales the project to 60,000 hectares of funded restoration, positioning Spekboom among the world’s largest projects. The close combines streaming capital from a syndicate of institutional investors with a World Bank outcome bond, anchored by an offtake agreement with Amazon.
Latham & Watkins LLP represents Bregal Sphere in the transaction with a deal team led by New York partner JP Brisson, Singapore partner Don Stokes, and London partner JP Sweny, with associates Qingyi Pan, Georgia Bellett, and Nassef Ghazy.