BII commits $15m to BlueOrchard fund
British International Investment is backing the InsuResilience Investment Fund Private Equity II.
Africa Private Equity News’ Connect messaging service is now free. Directly message other private equity professionals in our community.
Download the free Africa Private Equity News app: Android | iOS (or search for it in the app store)
Tap on the top-right icon to log in or register a free account
Tap on bottom-right Connect icon to start chatting
British International Investment (BII), the UK's development finance institution, has announced a $15 million commitment to the InsuResilience Investment Fund Private Equity II, BlueOrchard Finance’s climate insurance private equity fund.
The fund invests in businesses that provide climate insurance solutions in emerging economies.
“As the UK’s DFI, we are delighted to partner with BlueOrchard and join likeminded investors to support the development of innovative and improved climate insurance products and address market challenges. Climate insurance products should provide essential protection and enhance climate resilience of the most vulnerable and underserved groups of people and businesses,” said Jo Fry, head of intermediated financial services at British International Investment.
The fund aims to improve access to climate insurance for microentrepreneurs and SMEs in Africa, South and South-East Asia, and Latin America.
* Subscribe to Africa Private Equity News’ monthly Dealmaker’s Log for a database of the reported investment deals, exits and fundraising closes. Click here for more information.