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.