Schroders’ BlueOrchard launches second climate insurance PE fund

BlueOrchard’s InsuResilience Fund II, targeting $100m, is anchored by German bank KfW.

BlueOrchard, the impact firm subsidiary of Schroders, has launched the second vintage of its private equity climate insurance fund. InsuResilience Investment Fund Private Equity II is seeking $100 million and has been anchored by German bank KfW. It will invest in companies providing insurance to climate-vulnerable populations in Asia, Africa and Latin America.

The vehicle follows InsuResilience Fund I, which closed in 2020 on $80 million with commitments from KfW, the Soros Economic Development Fund, the European Investment Bank and Swiss pension fund Stiftung Abendrot. BlueOrchard is also raising a financial inclusion PE fund targeting $300 million.

KfW is “now able to leverage more private capital into [climate insurance] ventures… with BlueOrchard having proven that climate insurance expansion is a suitable impact investing theme,” Stephanie Lindemann-Kohrs, a director at KfW, said in an emailed statement.