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IFC Climate Catalyst Fund
Summary of Proposed Investment

This Summary of Proposed Investment is prepared and distributed to the public in advance of the IFC Board of Directors’ consideration of the proposed transaction. Its purpose is to enhance the transparency of IFC’s activities, and this document should not be construed as presuming the outcome of the Board decision. Board dates are estimates only.

Project number 30909
World Region
Sector1Private Equity/Venture Cap Fund - Sector
Environmental categoryFI
Date SPI disclosedSeptember 29, 2011
Projected board dateNovember 17, 2011
Previous EventsInvested: March 7, 2013
Signed: December 20, 2012
Approved: November 10, 2012
  Overview     Sponsor/Cost/Location     Development Impact     Contacts     Attachments  

Project description
As part of IFC’s strategic focus on addressing adverse climate change across the emerging markets, IFC is proposing to invest in a to-be-established investment vehicle (“Climate Catalyst Fund”) that will mobilize additional capital for co-investment alongside IFC in private equity funds (“Climate Funds”) focused on low-carbon and climate-friendly projects and companies globally across the emerging markets. The objective of the Climate Catalyst Fund is to stimulate the development of Climate Funds and climate friendly projects and companies which are expected to play a key role in accelerating the growth of investment in renewable energy and other low-carbon solutions.

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