Accelerate7 will invest in growth-stage companies across sub-Saharan Africa, South Asia and Southeast Asia.
Apis's third growth fund closed on $1.23bn, making it the fourth largest impact fund to close so far this year.
The manager has secured approximately £100m of equity commitments for the UK-focused fund.
The Builders Vision spin-off recruited LPs with talk of food and energy security and supply chain resilience during 'one of the most challenging fundraising environments in private markets probably in decades', says managing partner Aaron Rudberg.
The fund has already deployed $300m across 10 investments.
Co-founder Jim Coulter says the naval blockade of the Strait of Hormuz is 'good for our business' and points to a 'real pickup' that could speed up in the coming years.
The New Private Markets database currently tracks a total of 2,017 closed-end climate funds.
Enhanced Return Debt Fund has raised €2.3bn and has a 50% allocation to climate solutions.
The vehicle has exceeded its $1bn target and is tied as the third-largest private markets forestry fund.
The sustainability leader has marketed the fund under SFDR Article 8, as private markets firms prepare for an overhaul to the rules.