EIB mulls commitment to AllianzGI’s climate-focused fund-of-funds

Image Credit: Pixabay

The European Investment Bank (EIB) is considering an investment in an emerging markets and climate-focused fund-of-funds launched and managed by Allianz Global Investors. If approved, the Luxembourg-headquartered development finance institution will commit €50 million (or almost $60 million) to the Emerging Market Climate Action Fund (or EMCAF), which represents as much as 10% of its final goal target of €500 million, (almost $600 million at current rates).

EMCAF will invest in infrastructure and climate funds which invest in climate mitigation and climate adaptation projects in developing countries in Africa, Asia, and Latin America. These investments are expected to be predominantly greenfield projects and environmental sustainability initiatives critical to avoiding or reducing factors such as greenhouse gas emissions, essential to slowing and eventually reversing the effects of climate change.

<

To read this article, you must be a paid subscription member. (Current members login here)

\"\"

Reserve your digital subscription today

Join now for $35 per month

Join now for $395 per year

for access to:

  • Weekly newsletter with original and curated news, analysis and perspective
  • Africa’s private capital deals, fund raises and the investment firms and executives involved
  • Portfolio company news that impacts value and stakeholder participation
  • Job moves and partnerships between leading market participants
  • Exclusive access to Africa Capital Digest’s full content archive

If you’d like more information on exceptional value group subscriptions for your colleagues and teams, please contact Teresa Hall at thall[at]africacapitaldigest.com today.