development finance institutions

The fund is approaching its $100m target and will close later this year, according to a statement.

XSML Capital has raised $98.7m for its fourth fund, according to a statement.

Malena helps investors identify ESG issues by processing company documentation.

The firm's latest and largest fund will have diversity targets for portfolio company leadership teams, according to partner Nnennia Ejebe.

Finnfund puts up to €250m to work each year.

Africa50 Infrastructure Acceleration Fund receives commitments from the Angola sovereign wealth fund, The Arab Bank for Economic Development in Africa and West African Development Bank, according to fund head Vincent Le Guennou.

The pressing need for more climate solutions-focused capital will be helped by an emerging cohort of local LPs.

Established impact fund managers and OECD pension funds have been entering emerging markets this year to pursue climate impact opportunities.

Climate Fund Managers has been selected to manage the blended credit platform, with Pollination appointed strategic adviser.

DFIs and other catalytic investors, which made up most of ResponsAbility's LPs in previous strategies, will form a minority subordinated first-loss tranche for this fund.