Two legally and financially separate sleeves for developed and developing country investments.The fund combines a standard growth equity investment fund structure with technical assistance to enable the deployment of climate resilience services and technologies in developing countries.
In parallel, the Fund’s Proponents will develop the design of, and seek donors to, the Technical Assistance Facility.Īddressing a critical area of uncertainty and need, CRAFT is a solution that is immediately actionable, with a highly experienced team led by Lightsmith Group committed to its success, an initial pipeline of investments identified, and regional partnerships under development. The Fund will seek to enter into the due diligence process with one such investor in the fall of 2017, after which further private and public investment could be secured in 2018. The Fund’s primary investment team is in place, with regional partnerships being developed to assist with investment origination and due diligence.įor the Fund to move forward, its developing country sleeve in particular will benefit from the identification of one or more “anchor” investors, such as development finance institutions, to help attract and mobilize capital from private investors. By making the business case for investment in climate resilience, the Fund will also help catalyze a global market for climate resilient products and services promote climate resilient development and contribute to rapidly evolving resilience standards and metrics.ĬRAFT will leverage concessional and commercial investment to enhance the resilience of communities, businesses, and critical infrastructure, while also helping catalyze a global resilience market. As demand builds, investee companies can also begin to expand into lower income countries.įor every one dollar of concessional financing and technical assistance grants, CRAFT will leverage an estimated 3.3 dollars of direct commercial investment to enhance the resilience of communities, businesses, and critical infrastructure. The intentional inclusion of technology transfer from developed to developing countries into the fund will help build capacity in developing countries.
CRAFT will target companies in countries already experiencing substantial economic losses from climate change.
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