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Dive Brief:

• Bank of America and the Sustainable Markets Initiative, a nonprofit founded by King Charles III, have teamed up to launch a $40 million investment strategy designed to develop and scale nature and biodiversity solutions.

• The strategy, called the Lighthouse Initiative, went live on Sept. 23 and will be managed by French asset manager Eurazeo as part of its Future Industries III Fund, which invests in sustainable industries across the globe. Investments made through the new strategy will be tracked through Eurazeo’s impact framework, which includes a…