Blue Orchard launches the Green Earth Impact Fund

Schroders, BlueOrchard Finance Ltd and the Luxembourg Ministry of Finance have announced the first close of the Green Earth Impact Fund (GEIF), which is managed in a joint effort between BlueOrchard as investment manager and Schroders as the AIFM providing risk and portfolio services to the fund.

The GEIF allows institutional investors to invest in a portfolio of funds, which seek to address environmental protection and climate change and to benefit from de-risking mechanisms such as first-loss protection. The fund was conceived in June 2022 and has now achieved its first closing with a $25 million commitment from the Luxembourg Ministry of Finance.

Initiated by the Luxembourg Ministry of Finance, the fund will be set up as a fund of funds (FoF) strategy providing capital to private equity, sustainable real assets and private debt funds. In addition, the fund benefits from a de-risking mechanism as a result of the anchor investment by the Ministry of Finance within a blended finance structure.

The target size of the GEIF is $250 million.