The Private Equity Veteran Going All Out on Extreme Weather Bets

Jay Koh, a private equity veteran and former Carlyle Group Inc. executive, says investors should be paying a lot more attention to the new economy forming around extreme weather.

There’s now “more certainty about that trajectory of risk and impact than about the direction of interest rates, inflation, tariffs,” Koh said in an interview.

The comments coincide with a report on Thursday led by sustainability advisory firm Systemiq, showing that the market for so-called adaptation and resilience strategies may reach $1.3 trillion by 2030.

Adaptation, which entails coming up with ways to cope with the rapid rise in ...