Hristo Stoyanov’s Post

Today, the Coalition for Emerging Market Infrastructure Investment announced that it will be launching country platforms dedicated to catalyzing infrastructure investment across IPEF emerging economies. IP3 is excited to help lead this effort, alongside coalition partners KKR, Global Infrastructure Partners (GIP), Allied Climate Partners, BlackRock, Brookfield Asset Management, GIC, The Rockefeller Foundation, and Temasek. This new strategy will initially focus on the Philippines. In addition to being Southeast Asia's fastest growing economy, the Philippines has set ambitious renewables targets and is experiencing rapid growth in energy demand - generating the need for $300 billion in investments by 2040 to deliver a clean energy transition, according to the OECD. Find the full release here: https://shorturl.at/fad83

Exciting milestone for Move Energy 👏 We are proud to announce a €35 million commitment from the European Investment Fund (EIF) to our Move Energy Fund I, bringing total commitments to above €100 million! This milestone is a significant step in our mission to support transformative European ventures decarbonising power, transport, and buildings. We want to thank Céline Lévy and Florian Chilla and the whole European Investment Fund (EIF) team for their trust and partnership. This commitment, backed by the InvestEU initiative, validates our vision and fuels our efforts to accelerate the energy transition. To date, we’ve invested in five innovative companies, and with the support of over 30 investors, including cornerstone investor PON HOLDINGS BV, we’re on track for our final close by the end of Q1 2025 with a hard cap of €150 million. Read the full press release to learn more: https://lnkd.in/dwPrbqDg #venturecapital #EIF #InvestEU #moveenergy #sustainableinvestment #vc #europeaninvestmentfund

🌍🔍 Latvia on the global investment radar - major funds eyeing new opportunities!   Invest in Latvia has recently engaged with three global investment funds – Macquarie Group, Brookfield Asset Management, and CalPERS - each showing severe interest in Latvia’s expanding Public-Private Partnership (PPP) opportunities in infrastructure and energy. 🛠️🌱   Here’s a snapshot of the potential:   💼 Macquarie Group – As one of Australia’s top 10 publicly listed companies, Macquarie brings extensive PPP experience across #transport, #energy, and #data infrastructure. They’re exploring Latvia’s energy transition projects, including #wind, #waste, #hydrogen, and #5G data initiatives, with a minimum investment threshold of €25 million. Next step 🔜 In-depth discussions on specific energy transition projects to identify potential opportunities.   💼 Brookfield Asset Management – Managing a $200 billion portfolio and investing across Europe and North America, Brookfield is keen on Latvia’s #greenenergy projects. Latvia’s reputation for quality and commitment to a green future make it a natural fit. Next step 🔜 Follow-up meetings to discuss ROI and PPP terms.   💼 CalPERS – As the largest US pension fund with $500 billion in capital, CalPERS has shown strategic interest in Latvia’s #cleanenergy initiatives. Known for its substantial investments in sustainable and responsible projects, including #renewableenergy and #infrastructure, CalPERS vision aligns well with Latvia’s values. Next step 🔜 Follow-up presentation on Latvia’s renewable projects, including Fibenol.   🔥✨ The interest expressed by these global powerhouses isn’t just a vote of confidence - it signifies recognition of Latvia's potential to spearhead sustainable innovation.   For progressive funds eager to influence the economy of the future, Latvia presents a pathway to transformative impact. Let’s connect and explore the possibilities of collaboration! 🤝 https://lnkd.in/dBbQrtTK #InvestinLatvia #Latvia #Investment

Infrastructure investments offer a unique proposition to the GIC portfolio due to their stable and predictable cash flows, ability to pass through inflation, and low risk of obsolescence. The infrastructure team seeks to position GIC early for opportunities in the energy transition. These include investments in renewable energy companies, future fuels such as green hydrogen, long-term energy storage, and carbon capture and sequestration.   Bondy Lau, Senior Vice President for Infrastructure recently shared GIC's outlook on infrastructure to facilitate the energy transition at the AVCJ Private Equity Forum Singapore 2024. He was joined by Purnima Gandhi of Temasek International, Jingyi Zhang of Asian Infrastructure Investment Bank (AIIB), and @Daniel Cheng of Brookfield Asset Management in a panel moderated by David Jewkes of Norton Rose Fulbright.   Swipe for Bondy's insights below and watch the full panel discussion here: https://lnkd.in/gGtr3Qie    #GIC #GICSG #Singapore #Finance #Investing #LongTerm #AVCJSingapore

Having read the Bloomberg article, I am yet to critically analyze the case-in-point here. But, a part of me would like to believe that this is a classical case of blended finance paradox. Blended finance, hailed as a bridge between public and private capital, often inherits the limitations of both sectors: Private Sector: Seeks returns commensurate with risks but avoids projects with long-term uncertainties. Public Sector: Tends to deploy funds cautiously to avoid political backlash over failed investments. This leaves the case stuck in a paradox - too risk-averse for transformational change but still under pressure to deploy capital at scale. It could also be the case where the fund managers here were aiming to preserve investor confidence with relatively predictable outcomes, which clashes with the dynamic landscape of emerging market energy transitions. It has just been an year (or may be two) to the launch of the fund. The energy transition in emerging markets often requires patient, flexible capital that can tolerate higher upfront risks associated with early-stage projects or longer gestation periods due to regulatory hurdles. In the recent past, I have studied at least 3-4 successful case-studies worldwide, where blended finance models are most effective when paired with enabling policies and local institutional support. In all these cases, an alternate 3-tier financing mechanism is seen as a popular alternative deployed by the successful infrastructure/climate funds : 1. Development Fund: Provides early-stage financing to cover project preparation and de-risk later stages. 2. Construction Equity Fund: Offers equity financing for construction to reduce dependency on debt. 3. Refinancing Fund: Mobilizes long-term institutional debt post-construction, enabling private investors to exit. And, in my view, this could very well be one of Alterra’s many critical blind spots, which is its focus on direct deployment rather than investing in ecosystem catalysis, as highlighted in the 3-tier approach above. There's much more to uncover.

With its large pool of institutional investor funds and robust private client investor market, Australia ticks most boxes for global investors. But how are real-world changes – most notably the drive to reduce carbon emissions and the shift to renewable energy – making Australia an even more attractive proposition? Read our latest article to find out why fund managers are looking to Australia for investors and assets: https://lnkd.in/etdNtSS3 #Australia #funds #renewables

Climate and impact fund manager Camco has reached first close on USD 107 million for its new REPP 2 debt fund to invest in the African grid of the future, with a further USD 78 million committed subject to conditions. With backing from the Green Climate Fund (GCF), Norfund, FMO - Dutch entrepreneurial development bank, BIO, Ceniarth and the Renewable Energy Performance Platform (REPP), which is funded by UK International Development, the achievement marks a significant milestone in Camco's commitment to leading the transition to a net zero future in emerging markets. REPP 2 is a pioneering fund aimed at delivering significant climate, economic and gender impacts while ensuring sustainable returns for investors in Africa’s fast-growing market for renewables. The fund is structured as a blended finance vehicle to leverage public and private investors to invest in Sub-Saharan Africa’s distributed and small-scale renewable energy market. In doing so, REPP 2 is supporting the decarbonisation of the African energy system while contributing directly towards closing the USD 22 billion annual investment gap needed to meet SDG7 and deliver reliable electricity access to all. Benjamin Hugues, REPP 2 Director at Camco, said: “Africa’s energy transition is happening. It is critical to invest in the businesses building the African energy grid of the future, which is decentralised, renewable and reliable. “This requires significant and urgent scaling up of finance to enable innovative companies to scale and generate both attractive returns and significant climate impact. It is so exciting to have so many world-leading investors on board who share our vision for Africa’s future and recognise the critical role of blended finance in the sector.” Read more: https://lnkd.in/e5u6vJAd #RenewableEnergy #Africa #Investment #Solar

Norway’s $1.8 Trillion Sovereign Wealth Fund: 4.4% Q3 Return Norway's sovereign wealth fund, the largest in the world, reported a 4.4% return this quarter, equivalent to $76.4 billion. Despite strong equity gains, it slightly underperformed its benchmark by 0.1%. Learn how falling interest rates, sector shifts, and renewable investments shaped the fund’s performance: https://lnkd.in/egBXXQhm #NKDAdvisory #SovereignWealthFund #NorwayFund #GlobalMarkets #InvestmentStrategy #FinancialPerformance #WealthManagement #SustainableInvesting #EquityMarkets

Societe Generale is acquiring a 75% stake in Reed Management SAS Reed Management SAS are an alternative Asset Management company specialising in sustainable infrastructure. Reed Management SAS was founded by Julien Touati, an investment expert with nearly 20 years of experience, including 12 years at Meridiam, where he launched and managed the Meridiam Transition Fund. As part of the deal, Societe Generale is committing EUR 250 million to Reed's inaugural fund, launching before year-end, to support emerging leaders in the energy transition. This investment is part of Societe Generale's broader EUR 1 billion commitment to the energy transition, focusing on hybrid infrastructure projects in energy, water, and waste. The company will be rebranded as “REED - Societe Generale Group,” with Touati as CEO, aiming to become a leading global investor in the energy transition. Reed’s investment mandate includes direct equity participation in firms driving the low-carbon transition, emphasising innovative approaches to de-risking and scaling projects. #energytransition #investment #infrastructure https://lnkd.in/dSxH_wQz

📢 Our latest speaker taking the stage at the Energy Transition Investor Forum – Gabriele Todesca, Head of Infrastructure Investments at European Investment Fund (EIF) 📢 Gabriele will be speaking on the keynote panel titled - Investment in the Energy Transition – Changing Opportunities and Realities for Investors Register to hear from the industry leaders shaping the future of energy transition investing - https://lnkd.in/eehusntk #ETIForum25