23 April 2024


Apr 22
Concordia Announces Strategic Partnership with the Fund for Nature Centered around the Concordia Amazonas Initiative
“This partnership marks a significant milestone in the development of the Concordia Amazonas Initiative, and will see Concordia expand financing to nature-based projects focused on the Amazon rainforest,” commented President Duque.
Source: AP News
Apr 22
Tlcom Capital Closes Second Fund at $154M to Back Early-Stage Startups across Africa
The oversubscribed fund, initially targeted to close at $150 million, attracted participation from over 20 limited partners, TLcom said. Notable investors include the European Investment Bank (EIB), Visa Foundation, Bertelsmann, and AfricaGrow, a joint venture between Allianz and DEG Impact.
Source: Tech Crunch
Apr 22
Next Billion Announces the First Closing of its Digital Growth Fund
Next Billion Capital Partners (“Next Billion”), an impact private investment manager, announces the first closing of Next Billion Digital Growth I (the “Fund”). The Fund has attracted institutional investors from the United States and Europe, such as Impact Engine, Capricorn Investment Group, and responsAbility Investments AG, who view the Fund as a way to access technology investments and drive financial and digital inclusion in high-growth economies.
Source: LinkedIn
Apr 19
Paraguay Forestry Impact Fund Closes above Target at $325M
London-based Astarte Capital Partners, a real assets investment firm, and Stockholm-based forestry development and management company Silvipar said their inaugural Silvipar Astarte Impact Forestry Fund (SAIFF) closed at $325.3m (€305m). The fund, which attracted investors from over 25 countries across the world, had an original fundraising target of $200m.
Source: Impact Investor
Apr 19
EG Capital Welcomes New Partners for Mezzanine Fund Targeting East Africa and Zambia
G Capital welcomes new partners who intend to invest into the EG-Economic Empowerment Fund LP (EG-EEF) investing in mid-cap companies in East Africa and Zambia within the Food, Climate, Health and Education sectors.
Source: African Business
Apr 18
IDB Group Launches FINLAC
FINLAC represents a joint effort by IDB, IDB Invest, and IDB Lab. It will serve as a one-stop shop for advancing financial inclusion, supporting governments and accompanying firms. It aims to ignite innovation in developing and implementing effective policies, reforms, and business practices to create inclusive financial markets in the region.
Source: Retail Banker International
Apr 18
IFC and Amundi Raised $436 Million to Support Green, Resilient, Inclusive Recovery in Emerging Markets
IFC, a member of the World Bank Group, and Amundi, the leading European asset manager, announced the final closing of the SEED, which stands for - Sustainable Emerging Economy Development Debt (the "Fund"), a sub-fund of Amundi Planet II, SA SICAV-RAIF. Launched in 2021 on the sidelines of COP26 in Glasgow, the fund has raised $436 million from institutional investors, including IFC, Alecta, Cassa Depositi e Prestiti ("CDP"), and APK-Pensionskasse, thereby mobilizing private investment in emerging market sustainable bonds, with the objective of promoting a green, resilient, and inclusive economic recovery.
Source: MarketScreener
Apr 17
Singapore, Partners to Raise $5 Bln to Help Asia Meet Climate Goals
Singapore plans to work with international partners to raise $5 billion to help fund Asia-focused climate projects. The initiative, called "Financing Asia's Transition Partnership", uses a combination of public and private sector funding, Chia Der Jiun, managing director at the Monetary Authority of Singapore, said at a conference.
Source: Reuters
Apr 17
India to Boost Green Bond Sales for Sustainable Infrastructure
Amidst growing demand for Indian government securities, the government proposes to borrow between Rs 20,000 and Rs 25,000 crore through green bonds in FY25 to fund its sustainability projects
Source: Outlook India
Apr 17
Acre Impact Capital Announces the First Closing of Its Export Finance Fund I
Acre Impact Capital’s innovative Export Finance Fund I is the first fund of its kind leveraging the transaction facilitation role of export credit agencies (“ECAs”) for impact. Export finance delivers long-term debt financing guaranteed by official ECAs, allowing project sponsors to significantly reduce the cost of debt by obtaining attractive funding on ECA-backed financing and extending tenors up to 22 years.
Source: Morningstar

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