2015 Lab proponent Climate Fund Managers, the fund manager of the innovative blended finance facility Climate Investor Two (CI2), announces the second close at USD 855 million. The second close increases the facility by an additional ca. USD 180 million.

Climate Investor Two (CI2) is Climate Fund Managers’ (CFM) second climate-focused, blended finance initiative following the establishment of its first initiative: Climate Investor One (CI1) [which was developed under the Lab program in 2015]. With a USD 1 billion target fund size, CI2 will provide expertise, technology, and financing to infrastructure projects in emerging markets by mobilizing private sector financing at scale, supported by catalytic public sector donor funding. Building on CI1’s focus and expertise in renewable energy, CI2 will add a focus on water, sanitation, and oceans infrastructure. (…) In November 2021 CI2 had its debut successful close of USD 675 million. Today two new investors have joined CI2.  Swedfund, the Development Finance Institution (DFI) of Sweden have committed in Construction Equity Fund with USD 35 million, and the Green Climate Fund (GCF) have committed USD 145 million in donor funding to both Construction Equity Fund and Development Fund. This Second Closing highlights and re-affirms a broad public and private sector commitment to innovative climate change solutions.

Read CFM’s full announcement