Mirova Raises $171 Million at First Closing of Gigaton Fund 1 To Support Clean Energy Transition in Emerging Markets
By Lauren Mills
Mirova, the affiliate of Natixis Investment Managers dedicated to sustainable investment, raised $171m (€160m) in the first closing of a blended finance debt fund that aims to accelerate the clean-energy transition in emerging markets.
Long-standing partners such as US International Development Finance Corporation, Swedfund and Sida, as well as new investors, provided catalytic capital for the Gigaton Fund 1 fund, while Natixis Private Equity invested to further mobilise private investors.
Photo courtesy of Dana Smillie.
Source: IPE Real Assets (link opens in a new window)