Fund name: Climate Investor Two (CI2)
Amount raised: $675 million
Target size: $1 billion
Stage of fundraising: First close
Predecessor fund: Climate Investor One (CI1) ($850 million)
With a $1 billion target size, the CI2 fund aims for a mixture of public and private sector financing to open capital for infrastructure projects in emerging markets. Underpinning strong renewable sector expertise from the predecessor fund, CI2 will add focus to water, sanitation and oceanic infrastructure in targeting projects that assist vulnerable societies in mitigating and adapting to the impacts of global climate change.