Climate Fund Managers appointed investment manager of GAIA
Climate Fund Managers appointed investment manager of GAIA
Climate Fund Managers, a Dutch-based climate-centric investment fund manager, has been appointed as the investment manager of GAIA, a $1.48 billion-target private debt blended finance platform.
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Climate Fund Managers (CFM), a Dutch-based climate-centric investment fund manager, has been appointed as the investment manager of GAIA, a $1.48 billion-target private debt blended finance platform focused on climate adaptation and mitigation in emerging markets.
CFM has appointed Pollination, a global advisory firm focused on climate and nature, as strategic advisor.
GAIA is targeting a first close of $500 million in Q2 2024 raised from international investors across both public and private sectors, with a target final close of $1.48 billion within 24 to 36 months. It will have a fund life of 30 years with a 15-year investment period.
GAIA is supported by multiple public and private sector organisations, including fund sponsors and co-founders Mitsubishi UFJ Financial Group (MUFG) and FinDev Canada.
GAIA will target 25 emerging market countries in Latin America, Africa and Asia with a focus on least developed countries and small island developing states. The focus will be 70% climate adaptation (food, water and health security, infrastructure and public works, ecosystems, and biodiversity resilience) and 30% climate mitigation (transport and industry electrification, mass transportation and green buildings).
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