The Oslo-based investor has already invested from its second fund in three firms providing technology and services to the sustainable fish farming industry.
The facility, backed by European impact investors, will be used by QNB Leasing to provide finance for clean energy projects, micro and small companies and sustainable economic development.
Existing investors include pension funds, Australia’s Clean Energy Finance Corporation, private banks and wealth managers. Plus, UK’s Smart Pension invests in Octopus Energy Generation.
The £174m fund, which has attracted investment from several UK pension funds, works with partners to provide accommodation and support for those facing housing insecurity and homelessness.
The fund, which is aiming to raise £1bn in investment by 2026, is seeking to help remedy a chronic shortage of social and affordable housing in the UK.
Malaysia’s largest sector pension fund KWAP is providing an initial investment of around €100m to the fund, which is seeking to raise capital from other institutional investors.
Proceeds from the latest bond in the series will provide financial support for high-impact enterprises owned and operated by women, as well as disadvantaged communities in India, Indonesia, the Philippines and Sri Lanka.
GIP Zambia, with $70m of initial funding, builds on a model developed by BII and its partners in Ghana to provide finance for firms overlooked by the existing banking system.
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