DFC seeks to invest in climate-focused PE funds
U.S. International Development Finance Corporation (DFC) has announced a rolling call for applications from private equity, growth capital, infrastructure, and venture capital fund managers seeking DFC investment for funds targeting climate mitigation, adaptation, and solutions.
”Climate change is negatively impacting health and productivity, food production, and critical infrastructure around the world, but people in developing countries are particularly vulnerable to the impacts from climate change,” said DFC chief operating officer, David Marchick. “This call for applications will help DFC identify opportunities to mobilise private sector investment in innovative and impactful solutions to climate change, bolstering climate resilience across developing countries.”
Eligible funds should advance strategies targeting climate mitigation, adaptation, and resiliency, including renewable energy, energy efficiency, sustainable forestry, climate-resilient infrastructure, e-mobility, technology to reduce carbon, battery storage, smart infrastructure, agriculture diversification, and technology-enabled climate mitigation and adaptation solutions in DFC-eligible countries. DFC is targeting funds with a total capitalisation of $100 million or more, including the DFC commitment. The investment amount may range from $10 million to $400 million in equity or debt financing but will be limited to no more than 20% of a fund’s total capitalisation, as determined by DFC.
Interested fund managers can apply for an investment on DFC.gov/funds using the directions for submission. DFC will review proposals on a rolling-basis and will continue to collect submissions indefinitely. Opportunities will be evaluated as part of a rigorous evaluation process upon the discretion of the DFC.
Are you seeking private equity or venture capital investment to grow your company? Africa Private Equity News now offers you the opportunity to connect with investors backing African businesses. Contact us at editor@africaprivateequitynews.com for our rate card and more information.