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Althelia Climate Fund 1

Luxembourg

Last updated 12 May 2020, by Impactyield.

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The Fund, developed with the support of Conservation International (CI), has for investment objective to finance sustainable land-use and enterprise-based conservation of natural resources. The Fund generates revenues through purchase and distribution of both environmental assets (including carbon and payment-for-ecosystem services) and environmentally-certified, sustainably sourced commodities. The Fund has built its pipeline of investment opportunities over the last 3 years via its network of partners (including global and local NGOs, public sector entities, project developers, etc.) and secures distribution channels for produced assets through long term partnerships with public, private and civil society sectors.



Financial description

The Fund's investment objective is to finance transition towards sustainable land use and avoided deforestation in the form of result-based payments, using performance indicators indicators such as greenhouse gas emission reduction, conservation of forest, protection of biodiversity, economical development.
Investments will mainly take the form of purchase agreements and/or management agreements by which the Fund will commit capital against the long-term Payment for Ecosystem Services agreement. The Fund may also take equity stakes in one or more strategic partners which will provide the Fund with a significant competitive advantage such as, but not limited to, a proprietary deal flow or a differentiating route to market approach.

9 years

of track record

2015

the year funded

250,000,000 EUR

AUM

Interested in this fund?
Log in or create an account to request more information.

Gain a deeper and comprehensive understanding of how this fund generates positive impact in the themes and SDGs that matter to you, with insights provided by our dedicated team of expert analysts, and receive notifications about new available impact products, exciting investment opportunities, and relevant updates in the world of impact investing.

SDG goals

SDG targets

Encourage companies to adopt sustainable practices and sustainability reporting

Increase financial resources to conserve and sustainably use ecosystem and biodiversity

Sustainable food production and resilient agricultural practices

Key performance indicators

Fund overview

Asset manager: Mirova Natural Capital

Product track record: Fund has 9 years of track record

Target IRR: 9%

Committed Capital: 60,000,000 EUR (Euro)

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:

Style/Stage: , ,

Inception year: 2015

Vintage year: n.a.

Target region: ,

Target close date: 01/12/2014

Product term: 8 years + 2x 1yr ext

Assets under management: 250,000,000 EUR (Euro)

Investment size: Min: 1,000,000; Max: 0; Avg: 5,000,000

Co-investment policy: ,

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 1

Fund investments to date exited or repaid: 0

Management fee: 2%

Carried interest: 10%

Hurdle rate: 8%%

GIIN Investors' Council Investment: Yes

Limited Partners / Investors: AXA Investment Managers www.axa-im.com Church of Sweden www.svenskakyrkan.se, Credit Suisse www.creditsuisse.com European Investment Bank www.eib.org, Finnfund - Finnish development finance company www.finnfund.fi FMO, Dutch Development Bank www.fmo.nl, ...

Limited Partner / Investor Type: Development Finance Institution (DFI), Endowments/Foundations, Family Office, Pension Funds, Other Institutional Investors

Contact

E-mail: n.a.

Website: http://www.althelia.com

Phone number: 0.00

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Impact Performance

n.a.

Impact thesis

As part of Althelia’s mission-driven approach to achieve transformational impact investing, all investments in the portfolio will deliver positive outcomes from the standpoint of both local communities and biodiversity, and priority will be given to projects that can demonstrate 3 multiple benefits including those in the areas of poverty alleviation, alternative livelihoods and the conservation of IUCN Red List of Threatened Species.
The Fund mainly targets activities in developing countries which generates revenues from PES (Payment for Ecosystem Services, such as Carbon Assets from land-use , REDD+ and IFM) and certified sustainable commodities.
The Fund also seeks, through an enterprise-based approach, to develop investments with multiple benefit streams (accruing locally and in the form of diversified revenue for investors). For example, this involves working directly with projects involving commodity roundtables on scalable pilot activities to link carbon finance to commodity certification to enable the production of zero-deforestation commodities

Impact Management

n.a.

Financial benchmark

Term Description:

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