ImpactAlpha’s deal news coverage for the week:
Seeding impact. The Global Innovation Fund announced a $50 million first close for it’s evergreen debt fund that supports growth-stage companies in Africa and Asia… The Korea International Cooperation Agency committed $11 million to a Palestinian entrepreneurship hub in Bethlehem… South African impact investor E Squared backed Old Mutual’s sixth South Africa private equity fund… Impact Fund Denmark provided €25 million ($28.6 million) in subordinated debt to Côte d’Ivoire’s NSIA Bank for small business lending… Incofin extended about $3.5 million in local currency to Azerbaijan’s TuranBank.
Clean energy. Florida-based Warren Equity Partners closed its fifth fund at $2.8 billion to upgrade US and European power, water, transport and waste assets… The California State Teachers’ Retirement System is committing up to $2 billion to sustainable energy deals, anchoring Nuveen’s second energy infrastructure credit fund… Galvanize bought a Boston-area industrial portfolio to retrofit with on-site renewables and storage… General Fusion began trading on Nasdaq as the first publicly traded fusion company… TotalEnergies sold its 170-megawatt distributed solar portfolio to Amarenco and AMPYR to refocus on utility-scale renewables… Abu Dhabi-based Masdar reached financial close on a $6.1 billion solar-and-storage project… BlackRock’s Global Infrastructure Partners acquired community solar provider Summit Ridge Energy from Apollo… UK-based Quinbrook raised £587 million ($786 million) for its second Renewables Impact Fund for UK and Ireland clean power… Singapore-based blended finance platform FAST-P raised $1.1 billion for green energy in Asia.
Climate finance. Stockholm-based Norrsken took in €62 million ($71 million) for its pre-seed fund backing European AI solutions for climate, health and education… France-based Bohr Energie landed €10 million ($11.4 million) to help renewable energy producers sell into wholesale markets… San Francisco-based Piq Energy secured $5 million to help utilities connect projects to the grid… London-based StratX clinched $1.2 million from the Grantham Foundation’s Neglected Climate Opportunities for landfill covers that consume methane and generate carbon credits… Direct air capture developers Airhive and Carbyon are merging to deploy low-cost DAC at scale.
Food & agriculture. Calvert Impact Capital lent to the Fairtrade Access Fund to finance agricultural cooperatives and small enterprises in emerging markets… Nairobi Business Angel Network invested in Nuru Solutions, which supplies farm data for smallholder insurance and credit.
Community finance. Rights and Resources Initiative is setting up a Canadian arm of CLARIFI, its Indigenous-led regranting fund, to support First Nations, Métis and Inuit climate initiatives.
