At a glance
- The first-loss position sits beneath senior tranches anchored by IFC, FMO and SIFEM in a vehicle aimed at emerging-markets transportation and energy assets.
- First-loss capital absorbs losses ahead of the senior money above it.
- The first close leaves about $65 million to raise by mid-2027.
Shell Foundation is providing first-loss capital to the Lendable Transportation and Energy Fund.
The first-loss position sits beneath senior tranches anchored by IFC, FMO and SIFEM in a vehicle aimed at emerging-markets transportation and energy assets.
The fund has raised $135 million at a first close held in December 2025 and targets $200 million by mid-2027. First-loss capital absorbs losses ahead of the senior money above it. The first close leaves about $65 million to raise by mid-2027.
Reported by The Wrap desk from ESG Capital Daily deal log. Published . Corrections