Climate Fund Managers
Climate Fund Managers is a Dutch blended finance investment manager (joint venture of FMO and Sanlam InfraWorks) that mobilizes public and private capital to finance renewable energy, water, and green hydrogen infrastructure across emerging markets in Africa, Asia, and Latin America, managing USD 2.5B+ across four fund platforms.
- Company typePrivate
- Founded2015
- HeadquartersThe Hague, Netherlands
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Climate Fund Managers does
Climate Fund Managers (CFM) is a private blended finance investment manager founded in 2015 as a joint venture between FMO (Dutch development bank) and Sanlam InfraWorks (part of South Africa's Sanlam Group). Headquartered in The Hague, Netherlands, the company specializes in structuring blended finance vehicles that combine concessional public capital with private institutional investment to finance climate infrastructure in emerging markets across Africa, Asia, and Latin America. CFM has mobilized over USD 2.5 billion in private capital across its fund platforms: Climate Investor One (CI1, ~USD 950M for renewable energy), Climate Investor Two (CI2, USD 1.065B for water/sanitation/oceans), Climate Investor Three (CI3, EUR 150M+ for energy transition and green hydrogen, including regional sub-funds SDG Namibia One and SA-H2), and the GAIA Climate Loan Fund (USD 600M first close for climate adaptation private credit). The company employs 101-250 staff across offices in The Hague, Cape Town, Singapore, Bogotá, and Windhoek.
CFM's core technology is its proprietary whole-of-life financing architecture, which uses a two-tranche structure combining a concessional development fund that absorbs early-stage project risk with a tranched construction equity fund that mobilizes private capital at the de-risked construction stage. This structure is reinforced by a comprehensive risk mitigation framework covering technical risk (rated engineering partners), operational risk (local teams), currency risk (diversified local currency portfolios and hedging), credit risk (guarantees), and political risk (specialist insurance from partners including the World Bank). The model is supported by institutional backing from the European Union (including EUR 205M EFSD+ guarantees), Green Climate Fund, MUFG, FinDev Canada, KLP, and others, plus engagement with global climate finance institutions and COP summit participation.
CFM's business model is institutional fund management: it earns recurring management fees on assets under management across its fund platforms, supplemented by transaction fees on development funding agreements and performance-based returns on proprietary GP investments. Distribution is exclusively through direct institutional sales to development finance institutions, sovereign wealth funds, pension funds, and government partners. Customer concentration is spread across multiple sectors (renewable energy, water infrastructure, waste-to-value, green hydrogen, green ammonia) and geographies. The company reported lifetime impact of 1,563,812 tonnes CO2eq avoided, 765 MW installed renewable capacity, and 1.9 million people served through its operational portfolio as of latest disclosure, and has begun generating exits including the divestiture of Pétalo del Norte I to Organización Terpel S.A. in 2026.
Climate Fund Managers firmographics
Firmographics- Name
- Climate Fund Managers
- Legal name
- Climate Fund Managers B.V.
- Website
- https://climatefundmanagers.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Climate Fund Managers is a Dutch blended finance investment manager (joint venture of FMO and Sanlam InfraWorks) that mobilizes public and private capital to finance renewable energy, water, and green hydrogen infrastructure across emerging markets in Africa, Asia, and Latin America, managing USD 2.5B+ across four fund platforms.
- Ownership category
- akta.pro rank
Climate Fund Managers industry classification
Industry- Product category
- Climate Finance / Emerging Markets Asset Management
- NAICS
- Other Financial Vehicles (525990), Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Climate / Clean Tech & Decarbonization Funds (FSANAJAA)
- akta.pro secondary industries
- Renewables & Energy Transition Funds (Solar, Wind, Hydrogen, CCUS) (FSANAEAD), Energy & Power Infrastructure Funds (Generation, Transmission, Storage) (FSANAEAB), Climate Finance Funds & Green Investment Facilities (BPADACAH), Climate Finance Strategy (CapEx planning, green finance, incentives & grants) (EUABAKAG)
Keywords
Where Climate Fund Managers is headquartered
LocationHeadquarters
- HQ city
- The Hague
- HQ country
- Netherlands
- HQ region
- Europe
Offices5 records
Markets served
Climate Fund Managers business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Fund Management Fees: Climate Fund Managers generates revenue through management fees charged on assets under management across their climate-focused blended finance funds (Climate Investor One, Climate Investor Two, Climate Investor Three, GAIA Climate Loan Fund)
- Investment Returns (GP Investments): Returns earned on proprietary investments in managed funds (Non-recurring Profits), allocated between CFM Staff and Members as Long Term Incentive Awards. Performance measured over multi-year periods
- Development Funding Returns: Returns from early-stage project development funding, including development funding agreements with project developers for feasibility and preparatory work
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Climate Fund Managers product offering
Product offeringCore offering
Climate Fund Managers is a blended finance investment manager that structures and manages climate-focused private equity and private credit funds investing in renewable energy, water, sanitation, oceans, and green hydrogen infrastructure across emerging markets in Africa, Asia, and Latin America. The firm uses a proprietary whole-of-life financing approach that provides capital from early-stage project development through construction to full operations. CFM mobilizes public and private capital through flagship fund families including Climate Investor One, Climate Investor Two, Climate Investor Three, and the GAIA Climate Loan Fund.
Product overview
Climate Fund Managers is a blended finance investment manager operating a platform of distinct climate-focused funds. The core funds include Climate Investor One (CI1) for renewable energy, Climate Investor Two (CI2) for water, sanitation and oceans infrastructure, and Climate Investor Three (CI3) for energy transition and green hydrogen. The platform also includes the GAIA Climate Loan Fund and regional funds (SDG Namibia One, SA-H2). CFM manages these funds using a whole-of-life financing approach, providing capital from early-stage development through construction to operation. The company also maintains various asset platforms across renewable energy, water, and waste-to-value sectors in emerging markets.
Differentiator
Problem solved
Functional benefit
Brands
- Climate Investor One (CI1): EU-supported renewable energy infrastructure fund focusing on solar, wind, and hydropower projects in emerging markets
- Climate Investor Two (CI2)
- Climate Investor Three (CI3)
- SDG Namibia One Fund
- SA-H2 Fund
- GAIA Climate Loan Fund
- Impact Hub
Products and services
- Climate Investor One (CI1) A blended finance facility providing whole-of-life capital (development through operations) to renewable energy infrastructure projects — solar, wind, and run-of-river hydropower — in Africa, South & Southeast Asia, and Latin America. Targets institutional and development finance investors seeking emerging market climate exposure.
- Climate Investor Two (CI2) A USD 1.065 billion climate adaptation infrastructure fund focused on water, sanitation, and oceans infrastructure in emerging markets. Provides expertise, technology, and financing to vulnerable societies for climate adaptation projects in Africa, Asia, and Latin America.
- Climate Investor Three (CI3) Energy transition and green hydrogen infrastructure fund established to accelerate growth of energy transition and green hydrogen sectors in emerging markets. Includes regional sub-funds SDG Namibia One (Namibia) and SA-H2 (South Africa).
- GAIA Climate Loan Fund A long-term private credit fund providing climate loans for climate adaptation and mitigation projects across emerging markets. Targets USD 1.48 billion and prioritizes adaptation projects in climate-vulnerable markets.
- SDG Namibia One Fund Regional fund under Climate Investor Three targeting the development of Namibia's green hydrogen economy. Invested in the Zhero Molecules Walvis Bay green ammonia project and other Namibia-based green hydrogen initiatives.
- SA-H2 Fund
Quantifiable outcome
- Over 1.5 million tonnes CO2 equivalent avoided annually from operational and under-construction assets
- +4 more outcomes
Companies that use Climate Fund Managers
Customer profileNamed customers10 records
Segments5 records
Ideal customer profiles3 records
Climate Fund Managers technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Climate Fund Managers partnerships and signals
Strategic signalPartnerships
17 partnerships are on record, tiered core and flagship.
- Green eFuels ProducerscoreClimate Investor Three/SA-H2 Fund committed USD 4 million development funding for first-of-its-kind wastewater-to-green-methanol plant in Gauteng, South Africa
- Akaia Green FuelscoreClimate Investor Two committed USD 32.2 million to waste-to-biogas facility in Uttar Pradesh, India converting agricultural waste to compressed biogas
- Zhero EuropecoreSDG Namibia One Fund committed USD 5.15 million development funding for Zhero Molecules Walvis Bay Project, industrial-scale green ammonia facility in Namibia
- Andina SolarcoreColombian developer implemented Pétalo del Norte I solar plant, CFM's first project to reach commercial operation in Latin America
- Argos PartnersflagshipAppointed with CFM to manage shariah-compliant climate infrastructure fund for KWAP under RM 6 billion Dana Pemacu initiative
- Hive HydrogencoreSA-H2 Fund made inaugural investment in Hive Hydrogen's Coega Green Ammonia Project, South Africa's first industrial-scale green ammonia plant
- SODEN (Société Des Energies Nouvelles)corePartnership to develop world's first cocoa waste-to-energy plant in Côte d'Ivoire generating 550 GWh renewable electricity from agricultural waste
- KonexacoreUK-based energy developer partnered with CFM and Norfund for Nigeria renewable energy expansion including solar PV and distribution infrastructure
- Am pyr EnergycorePartnership for renewable energy projects in India including Somasamudra solar plant and wind projects under the Ampyr Renewable Energy platform backed by Climate Investor One
- InfinitumcoreDevelopment funding agreement for waste-to-energy project in Sierra Leone to address acute waste management and energy access challenges
- Erco EnergíacoreColombian renewable energy developer partnered with CFM for solar projects including Pétalo del Norte I (operational) and Pradera solar-plus-storage (under development) in Colombia
- HyIroncoreNam-H2 Fund Managers partnership for Africa's first green iron plant at Oshivela, Namibia, producing climate-neutral iron using green hydrogen
- Tubig PilipinascoreClean water platform investment in the Philippines marking CFM's entry into the country through Climate Investor Two
- CA Water Joint Stock CompanycoreVietnamese water treatment developer received USD 24 million investment from Climate Investor Two for clean water supply advancement
- Release by ScateccoreSolar tech firm investment won IJGlobal Innovation Deal of the Year for Africa, expanding solar and battery storage capacity in Africa
- Oceans Finance CompanyflagshipLed USD 1.6 billion Ecuador debt-for-nature swap, world's largest debt-for-climate conversion, with CFM providing USD 2 million development capital through CI2
- Cardano Asset ManagementcorePartnership to launch Cardano CFM Emerging Markets Climate Credit Fund targeting USD 1 billion for emerging market climate credit opportunities
Scale indicators14 records
Recent moves9 records
Expansion highlights6 records
Climate Fund Managers competitors and assessment
Company assessmentDirect peers
- Actis: Actis is a global private equity firm focused on sustainable infrastructure and energy transition in emerging markets, with dedicated climate and energy funds similar to CFM’s Climate Investor platform. Both target institutional and DFI LPs and compete for the same renewable energy and transmission deals across Africa, Asia and Latin America.
- Climate Infrastructure Partners (CIP): CIP is a specialist climate infrastructure fund manager raising capital from institutional investors to invest in renewable and low-carbon assets. Like CFM, it pools long-duration capital into energy transition infrastructure and serves as a directly comparable blended-finance climate fund manager.
- Copenhagen Infrastructure Partners (CIP): CIP manages the Copenhagen Infrastructure Funds focused on renewables, including offshore wind, onshore wind, solar and Power-to-X (green hydrogen) — directly overlapping with CFM’s renewable energy and CI3 energy transition funds. Both raise institutional capital for EM greenfield energy projects.
- Mirova Natural Capital: Mirova (Natixis Investment Managers) operates dedicated natural capital and climate infrastructure strategies that invest in forestry, water, and renewable energy in emerging markets. Its blended finance approach to nature-based and climate adaptation solutions closely parallels CFM’s water/oceans focus (CI2).
- responsAbility Investments: responsAbility is a Swiss impact asset manager operating investment funds across emerging markets focused on climate finance, financial inclusion and sustainable food. Its emerging market climate debt and equity strategies overlap with CFM’s GAIA loan fund and blended finance platform.
Broad incumbents
- Brookfield Renewable Partners: One of the world’s largest publicly listed renewable energy operators with multi-continent wind, solar and storage portfolios. While it operates at vastly larger scale and across developed and emerging markets, it increasingly competes with CFM for institutional capital and large EM renewable deals.
- Macquarie Asset Management (Green Investment Group): Macquarie’s Green Investment Group is a leading global green infrastructure principal investor managing billions across renewables, energy storage and green hydrogen. Its scale, balance-sheet capability and EM presence make it a broad incumbent competitor to CFM’s blended finance funds.
- EQT Infrastructure: EQT Infrastructure manages multi-billion-dollar infrastructure funds with growing exposure to renewables and energy transition assets. As a large global GP, EQT competes for institutional and DFI capital and has been active in EM renewable infrastructure transactions similar to CFM’s mandate.
Emerging players
- Pollination Group: Pollination is a specialist climate advisory and investment firm building blended finance vehicles for nature-based solutions and emerging market decarbonization. It is a smaller, advisory-led emerging player that overlaps with CFM on climate finance structuring for EM and nature deals.
- Inspired Evolution: Inspired Evolution is a South Africa-based climate and impact investment management firm raising EM clean energy private equity funds, with a portfolio overlapping CFM’s Africa renewable energy and energy transition themes. It is an emerging regional player competing for the same DFI and institutional LPs.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Climate Fund Managers social profiles
Digital presenceClimate Fund Managers financial estimates
Financial estimateRevenue estimate
Valuation estimate
Climate Fund Managers leadership team
Management profileNumber of profiles
Profiles4 records
Climate Fund Managers subsidiaries and ownership
Company hierarchySubsidiaries5 records
Climate Fund Managers funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Climate Fund Managers M&A and investment
M&A and investmentM&A
Investments7 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Climate Fund Managers
What does Climate Fund Managers do?
Climate Fund Managers is a blended finance investment manager that structures and manages climate-focused private equity and private credit funds investing in renewable energy, water, sanitation, oceans, and green hydrogen infrastructure across emerging markets in Africa, Asia, and Latin America. The firm uses a proprietary whole-of-life financing approach that provides capital from early-stage project development through construction to full operations. CFM mobilizes public and private capital through flagship fund families including Climate Investor One, Climate Investor Two, Climate Investor Three, and the GAIA Climate Loan Fund.
Is Climate Fund Managers a public or private company?
Climate Fund Managers is a private company. It is classified as corporate owned and is currently operating.
When was Climate Fund Managers founded?
Climate Fund Managers was founded in 2015. It employs 101 to 250 people.
Where is Climate Fund Managers based?
Climate Fund Managers is headquartered in The Hague, Netherlands, in the Europe region.
How does Climate Fund Managers make money?
Three revenue lines are on record. Fund Management Fees are the primary driver. The others are investment Returns (GP Investments) and development Funding Returns.
Who are Climate Fund Managers's main competitors?
Direct peers on record are Actis, Climate Infrastructure Partners (CIP), Copenhagen Infrastructure Partners (CIP), Mirova Natural Capital and responsAbility Investments. Broad incumbents are Brookfield Renewable Partners, Macquarie Asset Management (Green Investment Group) and EQT Infrastructure. Emerging players are Pollination Group and Inspired Evolution.
Does Climate Fund Managers have an API?
No public API is recorded for Climate Fund Managers.
What industry is Climate Fund Managers in?
Climate Fund Managers's product category is Climate Finance / Emerging Markets Asset Management. Its primary akta.pro industry code is FSANAJAA, Climate / Clean Tech & Decarbonization Funds, with a secondary code of FSANAEAD, Renewables & Energy Transition Funds (Solar, Wind, Hydrogen, CCUS). Its NAICS code is 525990 and its SIC code is 6282.