March 16

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)

accelerators, blended finance, renewable energy