BlueOrchard announces second close of climate fund

The InsuResilience Investment Fund Private Equity (IIF PE II) has raised over $50m at its second closing. The fund, a collaborative venture by BlueOrchard, an impact investment manager part of the Schroders Group, and KfW, a German development bank, aims to foster resilience against climate change and offer affordable climate risk insurance to vulnerable groups and small businesses.

“We see a strong pipeline of opportunities for our strategy as the climate insurance ecosystem in our target markets enters the growth phase. Scalability and affordability of the offering, as well as technological expertise and operational excellence, are critical to succeed in this space. With our unique network and expertise, we are the partner of choice for many of the firms that excel in these areas,” said Martín Diaz Plata, head of private equity investments at BlueOrchard.

“We are delighted by the trust and continued strong interest from investors. The unique character of the strategy, which provides climate insurance solutions for the most vulnerable populations and businesses, is recognised. Investing in climate adaption is not only a climate investment imperative, but also a commercial opportunity,” said Felix Hermes, head of private equity and sustainable infrastructure at BlueOrchard.

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