Tokio Marine Group anchored a $300m first close, leaving 85% of the target still to be raised.
International Finance Corporation and BlueOrchard, part of Schroders, have opened a $2bn emerging-markets private debt fund combining private credit with impact investing, our records show.
The first close stands at $300m committed, with Tokio Marine Group as the anchor investor.
That leaves $1.7bn, or 85% of the target, still to be raised after the first close.
Reported by The Wrap desk from ESG Capital Daily tracking. Published . Corrections
Tokio Marine Group is the anchor investor and $300 million is committed at first close.
A 95-of-102 cost-benefit hit rate is not an investability finding—that is the framework's real contribution.
A development bank paid for the regulatory mapping before any capital was called, and that is the part the next vehicle will copy.
The facility has $7.8 billion in sovereign backing toward a $125 billion target, including a $500 million pledge from the Netherlands at COP17.
A biannual industry survey reports two years of growth in the asset class, according to ImpactAlpha.
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