Althelia Funds

Document Summary: 

Organizational profile: Althelia Funds is an experienced and recognised asset manager with an impact-driven approach to investment, aligning strong financial returns with measurable environmental and social impact. It is the product of the recent acquisition of Althelia Ecosphere, a pioneer Impact Investor in the natural capital space, by Mirova, the leading European Responsible Investment platform, and is committed to be the leading global natural capital fund manager. Through Althelia Funds, Mirova addresses the drivers of deforestation and unsustainable land-use. Through a focus on blended­ value investments that deliver the highest calibre social, environmental and economic performance, Althelia aims to demonstrate that financial performance can be fully aligned with sound environmental stewardship and social development. The climate strategy supports sustainable innovative agroforestry in buffer zones, and the restoration and protection of biodiversity and its habitats. It also enables the use of carbon credits from the protection of standing forest to support the development of livelihoods based on sustainable land use, and protection of ecosystems and the services they provide. 

The Althelia Biodiversity Fund Brazil aims to deploy R$400 (US$100) million of blended finance into sustainable activities that protect, restore or otherwise improve biodiversity and community livelihoods in the Legal Amazon of Brazil. The fund benefits from a partnership with the U.S. Agency for International Development (USAID), who helped co-design the fund, convene partners, and mitigated risk through a portfolio guarantee provided by USAID’s Development Credit Authority (DCA), and a partnership with the Center for Tropical Agriculture (CIAT), the fund's cornerstone investor.

Financing Instrument: Debt, Equity

Project scale: Listed projects have ranged from €5.1 million to €8.33 million.

Recipient countries regions/country groups: Global

Eligibility Criteria: The Fund invests in projects that reduce deforestation, mitigate climate change, protect biodiversity and provide a fair and sustainable living to rural communities, whilst offering investors a fair return on capital.

Application guidelines: The Fund’s investment objective is to focus on sustainable land use activities that generate real assets, including certified agroforestry produce, alongside new environmental assets, such as carbon. They are specialists in identifying and helping to build multiple revenue projects that generate positive social and environmental impacts and are economically resilient and technically robust. Their team creates value with their project partners from the earliest stages of project development and to find premium markets to commercialise project off-take. The Fund seeks projects where they are part of a public-private partnership that shares responsibility and returns under a principle of performance measured by social, environmental and economic benefits.
 

Publication Date
Thursday, 01 April 2021
Applicable location
Africa
Americas
Asia
Europe
Oceania
Topic/Theme
Sustainable land use
Forest management certification
Agroforestry
Private sector and industry
Database
Financing opportunities