Climate Fund Managers, the proponent of the 2015 Lab instrument Climate Investor One (CI1), announced the third close of its Climate Investor Two Fund (CI2) at USD 875 million. The climate-centric blended finance fund manager locked in an additional USD 20 million in commitments for the facility which focuses on water, sanitation, and oceans infrastructure in emerging markets.
CI1 facilitates early-stage development, construction financing, and refinancing to fast-track renewable energy projects in developing countries.
The Fund’s third-close investor is a private family based in the United States, represented by global investment firm Cambridge Associates. The USD 20 million capital commitment to CI2’s Construction Equity Fund marks the largest commitment from a single-family office, as well as the first from a US-based family office.
“Water, sanitation, and oceans infrastructure play pivotal roles in human health, economic development and climate resilience. The latest commitments to Climate Investor Two are further proof of the unique ability of blended finance to catalyze private capital in these vital sectors. By accommodating diverse risk appetites within a single structure, blended facilities break down investment barriers, enabling the private sector to engage in previously inaccessible high-impact opportunities. The commitment from the private family advised by Cambridge Associates positions us to attract additional private sector capital to deliver climate action quickly, effectively and at scale.”
Andrew Johnstone, CEO of Climate Fund Managers