The fund is managed by Clare Brook and Nicola Donnelly who together have over 30 years investment experience in the environmental space.
It will invest globally giving investors exposure companies that provide solutions to water resource shortages, climate change and an ageing population.
WHEB has been formed as a sister company to WHEB Ventures, the clean technology focused venture capital firm.
WHEB Ventures founding partner Ben Goldsmith says: “The creation of WHEB Asset Management could not be timelier. We are fortunate to have persuaded such leading lights of this industry as Clare Brook and Nicola Donnelly to join the WHEB team.”