- Advertisement -
- Advertisement -

Related

BlueOrchard’s Climate Insurance PE Fund Edges Toward $100M

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – BlueOrchard’s private equity fund dedicated to climate insurance has secured commitments of close to $30 million from two new investors, British International Investment and the Nordic Development Fund. With just under $10 million shy of its $100 million target size, the InsuResilience Investment Fund Private Equity II aims to improve access to climate insurance in emerging markets in Africa, South and South-East Asia, and Latin America.

BlueOrchard, an impact investment manager under the Schroders Group, secured a commitment of $15 million from British International Investment (BII), the UK’s development finance institution and impact investor, along with $13.5 million from the Nordic Development Fund (NDF). These investments bring the total committed capital for BlueOrchard’s private equity fund to over $90 million, edging close to its target size of $100 million. BII has previously supported two BlueOrchard funds, including an education finance fund for Africa and a Covid-19 recovery fund for micro, small, and medium-sized enterprises (MSMEs) in emerging markets. The collaboration with NDF marks the start of a new partnership between NDF and BlueOrchard.

“As the UK’s DFI, we are delighted to partner with BlueOrchard and join like-minded investors to support the development of innovative and improved climate insurance products and address market challenges.”

Jo Fry, Investment Director and Head of Intermediated Financial Services at BII

“Four out of five businesses in emerging economies have been impacted by the climate emergency, according to our annual Emerging Economies Climate Report this year,” notes Jo Fry, Investment Director and Head of Intermediated Financial Services at BII. “As the UK’s DFI, we are delighted to partner with BlueOrchard and join like-minded investors to support the development of innovative and improved climate insurance products and address market challenges,” Fry continues. Satu Santala, Managing Director of NDF, further emphasizes that “Climate insurance can provide concrete solutions to the disastrous consequences of climate change and the people and businesses affected by it. We are proud as NDF to partner with BlueOrchard, invest in InsuResilience Investment Fund II and be part of making positive change in the regions where this is needed the most.”

“We are proud as NDF to partner with BlueOrchard, invest in InsuResilience Investment Fund II and be part of making positive change in the regions where this is needed the most.”

Satu Santala, Managing Director of NDF

The InsuResilience Investment Fund Private Equity II represents a joint initiative between BlueOrchard and the German development bank KfW. Its primary objective is to protect vulnerable people and micro-entrepreneurs in emerging markets from the impacts of climate change by facilitating access to climate insurance. Building upon the success of its predecessor, the fund works on establishing an ecosystem that facilitates this access. Both funds have invested in 13 companies, reaching over 70 million climate insurance beneficiaries in emerging markets. The fund makes direct investments, prioritizing business models that focus on climate insurance solutions for underserved communities, with a specific emphasis on parametric climate insurance and insurtech.

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Eugeniu Guzun
Eugeniu Guzun
Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index, and as a journalist covering the Nordic hedge fund industry for HedgeNordic. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018. Write to Eugeniu Guzun at eugene@hedgenordic.com

Latest Articles

Beyond Renewables: Coeli Fund Taps Into the Broader Electrification Race

Earlier this year, portfolio managers Vidar Kalvoy and Joel Etzler renamed their fund from Coeli Renewable Opportunities to Coeli Energy Opportunities – a move...

Three Danish Hedge Funds Recognized by the Hedge Fund Journal

Three Danish hedge funds have been recognized at the 2025 Hedge Fund Journal CTA and Discretionary Trader Awards. Two funds managed by Danske Bank...

Private Equity in Transition: Challenges and Opportunities

Private equity has matured into a mainstream – if not cornerstone – allocation for institutional investors. Following years of record fundraising and valuation expansion,...

Formue Highlights Private Credit’s Role in New Economic Era

Nordic wealth manager Formue has long prided itself on delivering institutional-grade investment solutions to high-net-worth individuals. As global economic conditions shift, Formue sees an important role...

Chelonia Select Builds on Solid 2024

Stock-picking hedge fund Chelonia Select is off to a strong start in 2025 with an 8.3 percent gain through the end of May, building...

CABA Capital Expands the Flex Series

Danish fixed-income boutique CABA Capital has launched the third vintage of its leveraged, closed-end fixed income strategy: CABA Flex3. The fund aims to deliver...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -
HedgeNordic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.