Multinational development banks play a growing and crucial role in unlocking investment for sustainable development in emerging markets, but private capital should step up, write ILX Management’s Manfred Schepers and Luz Martinez.
The pension fund said the partnership builds on its existing collaboration with Achmea IM and represented a step towards greater sustainability of its investments.
Investor appetite for innovative climate tech trumped geopolitical uncertainties, its CEO and co-founder Jacqueline van den Ende tells Impact Investor.
The money will be used to help solve funding gaps in transformational infrastructure projects in emerging markets, such as clean and renewable energy, sustainable mobility, health, water and sanitation.
The fund aims to help the Japanese paper-products manufacturer to achieve its 2030 environmental goals of growing their sustainable forestry assets and reducing carbon emissions.
The alternatives investments specialist said the fund has invested in nine private equity funds and that it plans to launch a successor climate technology fund later in the year.
The Kuali Fund, which is being managed by impact investor GAWA Capital, has raised €129m at first close to support a range of countries globally to build climate resilience and transition to low carbon economies.
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