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development finance institutions
The development finance institution is seeking to understand both the risks and opportunties nature provides, according to sustainability and impact director Kaisa Alavuotunki.
British International Investment has committed $20m to the fund, which has a $400m target.
The flow of institutional capital into emerging markets is increasing, but the shortfall remains huge.
The DFI has committed £408m to private funds in the last year, according to its annual report.
Unusual and innovative structures by TPG, Legal & General, Blue Earth and ILX reduce the risk inherent in emerging markets for commercial institutional investors and help them capture more of the upside.
The DFI can compromise for the right product, but commercially competitive returns 'really important', head of private equity funds Craig Gifford tells New Private Markets.
Emerging markets infrastructure debt has suffered from a 'historic misperception' of risk-return, argue Hannah Gore-Randall and Nicholas Bamber from Legal & General.
The firm has held a $100m first close on a strategy that promises to mobilize $5.6 for every dollar spent.
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.