After careful consideration, the International Climate Finance Accelerator has decided on five climate fund managers whom they will support in launching their own climate fund.
Operating since 2018 in Luxembourg, the ICFA is a unique programme which helps aspiring climate fund managers set up their own high-impact funds.
The accelerator, which onboards five managers yearly for a period of 2 years, is known for more than just its unique programme. Indeed, what also sets it apart is its focus on “building a community of fund managers,” says managing director, Stephan Peters.
“Every cohort member brings in their own network and expertise and is willing to share best practices with their peers. Fund managers get invaluable advice, tips and tricks on how to approach their fund project,“ he adds.
The ICFA 2022 cohort has it all, ranging from renewable energy credits in the most vulnerable regions of the world to high-impact, early-stage ocean and climate tech start-ups globally, middle-market debt and energy transition in Africa, and sustainable agri-food value chains in the Andean Amazonian region.
Energy Peace Partners’ P-REC Aggregation Fund leverages the innovative Peace Renewable Energy Credit (P-REC) instrument to provide catalytic capital that will support a portfolio of high impact renewable energy projects in climate vulnerable, conflict affected, and energy poor countries in sub-Saharan Africa.
Katapult’s Seed Fund looks to invest in and accelerate high-impact, early-stage ocean and climate tech start-ups. We look to invest in the following domains across land and ocean: Food, Transport, Energy, Natural Assets, Infrastructure and New Frontiers.
Sustainable Links Middle Market Climate Facility (“MMCF”) will seek to accelerate the transition towards a low carbon, climate resilient and gender equitable future by mobilising sustainable debt capital to middle market companies and their value chains across East and Southern Africa (41 words).
The Olduvai Africa Climate Action Fund seeks to deliver attractive financial returns investing in climate change mitigation and adaptation opportunities in Africa to support the goal of a low-carbon and climate-resilient sustainable future. The strategy will invest across the energy transition spectrum, including renewables, power grids, energy efficiency and green hydrogen opportunities.
The Incofin Lupuna Fund is an impact-first blended finance Fund, focusing on investing mezzanine and equity capital in Small and Medium Enterprises in the Sustainable agri-food value chain and financial institutions that promote climate mitigation, climate adaptation and biodiversity in the Andean Amazonian region.
For more information on the funds, please visit the following link.