Carbon Funds: Markets with potential

Private equity funds and other investment vehicles offer opportunities for investors seeking exposure in the renewable energy and carbon markets. First Climate supports investors in harnessing the opportunities of these emerging markets. As investment advisors, we identify and negotiate investments and provide comprehensive portfolio management services.

Climate Change Investment I & II

The two funds, Climate Change Investment I & II (CCI I & II), are intended to exploit new investment opportunities in the emerging carbon markets. Both funds are incorporated under Luxembourg law and registered with the Financial Supervisory Authority (CSSF) as SICARs (Societé d’investissement en capital à risque). The investor base is limited to qualified investors with institutional or professional backgrounds. The two carbon funds seek to achieve an attractive financial return by means of early engagement in emission reduction projects around the world.

First Climate serves as investment advisor for CCI funds. In this role, we are responsible for portfolio and risk management of the CCI funds.

Post 2012 Carbon Credit Fund

The Post 2012 Carbon Credit Fund was launched in 2008 by five leading public financial institutions in Europe – the European Investment Bank, Caisse des Dépôts, Instituto de Crédito Oficial, KfW Bankengruppe, and the Nordic Investment Bank. With the aim of strengthening the carbon market for the post-2012 period, fund investors committed €125 million to emission reduction projects. Since then, the P12 Fund acquired emission reduction certificates from all major CDM markets and a variety of different sectors.

First Climate served as an investment advisor for the fund and worked in close collaboration with its investment manager, Conning Asset Management Ltd.