Climate Investor One (CIO) is a blended finance, capital-recycling facility mandated with delivering renewable energy infrastructure projects in emerging markets through its contribution to each phase of a projects lifecycle.

CIO comprises of three distinct but interlinked funds:

The Development Fund ($30 million) seeks to finance and provide technical assistance in the planning and development stage of a project. The Fund, populated with donor capital, provides development loans to remove market barriers, raised by developmental risk.

The Construction Equity Fund ($500 million) provides all equity financing for the construction phase. It is comprised of three tiers of capital. The first is a junior equity tranche of $100 million, with funds sourced from donors. The second is an ordinary equity tranche of $200 million, sourced from DFIs and commercial investors. The third tier is a senior equity tranche of $200 million, sourced from commercial and institutional investors, covered by a full Export Credit Agency Guarantee.

The Refinancing Fund ($500 million), when established, will provide long-term senior debt instruments to reduce an operational projects cost of capital and optimize its funding structure. The Fund will source capital from institutional investor, seeking to invest without exposure to development and construction risk, as well as benefit from CIO’s proprietary deal flow. This fund is low risk and secured by the project companies assets.

Climate Fund Managers is the fund manager of Climate Investor One.