Credit: ICFA
The Luxembourg-based International Climate Finance Accelerator (ICFA) recently announced its new cohort comprising six first- and second-time fund managers focused on addressing climate change head on.
According to the ICFA, this year was the most competitive cohort since the programme's inception, going from 46 applications to just six fund managers selected over a period of six months.
Two of the selected fund managers have their headquarters in Luxembourg: Annycent Capital and Cycle Management.
ICFA 2023 Cohort:
- Annycent Capital is a market facilitator designed to fill a market gap and accelerate redeployment of capital to renewable energy projects, notably solar, hydro and wind power plants, located in emerging countries. Annycent deploys an innovative strategy to catalyse sector growth and achieve measured, positive, environmental and social impact that contributes to climate change mitigation;
- Beyond Finance Consulting Ltd (Hong Kong) supports companies addressing the specifics needs of women in their resilience to climate change with adequate funding, technical assistance and guidance to improve gender equality. The focus is on frontier sectors in access to water, sustainable agriculture, access to clean energy and financial inclusion in Asia and Sub Saharan Africa;
- Catalyst Investment Management is a pioneering renewable energy and climate infrastructure equity fund manager in the Middle East and North Africa region. Catalyst primarily invests in renewable energy, energy storage/energy efficiency and solar-driven water treatment projects and platforms;
- Cycle Management (Cycle Group) invests in technology ventures to enable the transition to net zero with the aim of halving emissions by 2030 for broad applications in energy transmission and energy efficiency, industrial sector coupling and advanced manufacturing including new, more efficient semiconductor and power electronics technologies;
- Ship2B Ventures is backing bold climate innovation with the largest transformative impact potential to limit global climate warming to 1.5ºC by 2050. The focus is on three core systems across Europe: how we live, how we eat and how we make things;
- SVX MX / SVX México is a women-led impact investing firm that works in Mexico and Latin America. Its mission is to ensure that capital serves life instead of governing it. The firm supports the regenerative transition for rural communities through nature-based solutions, that enhance biodiversity and contribute to the climate resilience of Mexican ecosystems.
The ICFA is a two-year programme aimed at accelerating emerging fund managers with a focus on key areas within climate action. The selected fund managers receive access to financial support, training programmes and coaching, among other benefits.
