Development finance institutions are backing a private credit climate finance fund managed by Darby International Capital to help the region’s mid-sized companies to develop low-carbon and climate resilient businesses.
Asset manager MEAG, part of the Munich Re Group, is targeting a total size of up to €645m with its Sustainable Forestry Equity Fund, focusing on investments in US, New Zealand and Australia.
UK-based impact investor Bridges Fund Management has announced its second investment exit of 2024, with the sale of a supplier of plant-based foods to private equity firm NVM.
The European investor has achieved closes on two funds investing in tech-oriented and sustainable businesses in quick succession, gathering more than €2bn in total commitments between them.
The project seeks to increase agricultural output in one of Africa’s poorer countries by increasing supply of green ammonia to make fertilisers more widely available.
The London-based alternative asset manager will use the investment to expand its network of biodiversity hotspots, which will generate income through the sale of credits.
Efforts to create impact should be maintained throughout the term of an impact investment, while the benefits should be made clearer to the institutions backing impact funds, researchers say.
The first portfolio secondary transaction by BII is part of a strategy to mobilise more investment in emerging markets by de-risking and encouraging capital flows into countries where funding is in short supply.
The organisation seeks to provide $1bn of guarantees to mobilise climate change-related investment for borrowers in developing countries, backed by capital from various state-level investors.
The blended finance fund, which invests in green energy and infrastructure in developing countries, is focused on climate mitigation and adaptation, social development, economic infrastructure and gender equality investment.
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