BlueOrchard-managed InsuResilience Private Equity strategy reaches target size
BlueOrchard Finance has announced that its InsuResilience Investment Fund II (IIF PE II) has reached its target size of $100 million.
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BlueOrchard Finance has announced that its InsuResilience Investment Fund II (IIF PE II) has reached its target size of $100 million as of December 2024.
Managed by BlueOrchard, IIF PE II targets direct private equity investments, focusing on business models at the forefront of providing climate insurance solutions to underserved communities.
Martin Diaz Plata, head of private equity investments at BlueOrchard, commented: “We extend our heartfelt gratitude to our investors for their confidence in our ability to execute our innovative strategy of investing throughout the value chain of the climate insurance industry. Insurance is a pivotal instrument in enhancing the climate resilience of vulnerable individuals, businesses, and communities, particularly in emerging markets.”
The fund was initiated by KfW on behalf of the German Federal Ministry of Economic Cooperation and Development (BMZ) and has attracted investments from British International Investment, Nordic Development Fund, the European Investment Bank, and institutional investors including Schroders Group funds and a prominent European reinsurer.
IIF PE II has already deployed 60% of its committed capital into seven investments across the climate insurance industry’s value chain. The investments thus far have targeted insurance companies, financial platforms enabling insurance access, and firms developing new technologies to better harness data for weather modelling.
Philipp Müller, CEO of BlueOrchard, stated, “Investments through the two InsuResilience investment vehicles are rapidly passing another milestone, establishing a foothold in nearly 60 growth market countries and positively impacting nearly 70 million beneficiaries. These investments are key to advancing climate risk resilience in emerging markets. This is just the beginning of our journey, and we remain committed to supporting innovation and growth in climate insurance.”
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