BlueOrchard Finance Ltd. announces that the InsuResilience Investment Fund II (IIF PE II) has reached its target size of USD 100 million as of December 2024. This development marks a key milestone for the strategy focused on enhancing climate resilience in underserved communities across developing regions.
Managed by BlueOrchard, IIF PE II targets direct private equity investments, focusing on business models at the forefront of providing climate insurance solutions to underserved communities. Building on the achievements of its predecessor strategy, IIF PE II invests in leveraging technology to make climate insurance more affordable and accessible. By offering growth capital focused on market returns, alongside technical assistance and premium support facilities, the Fund has established itself as an effective strategy for climate change adaptation.
Martin Diaz Plata, Head of Private Equity Investments at BlueOrchard, commented: “We extend our heartfelt gratitude to our investors for their confidence in our ability to execute our innovative strategy of investing throughout the value chain of the climate insurance industry. Insurance is a pivotal instrument in enhancing the climate resilience of vulnerable individuals, businesses, and communities, particularly in emerging markets.”
The Fund was initiated by KfW (Kreditanstalt für Wiederaufbau) on behalf of the German Federal Ministry of Economic Cooperation and Development (BMZ) and has attracted investments from British International Investment (BII), Nordic Development Fund (NDF), the European Investment Bank (EIB), and institutional investors including Schroders Group funds and a prominent European reinsurer.
IIF PE II has already deployed 60 per cent of its committed capital into seven investments across the climate insurance industry’s value chain. The investments thus far have targeted insurances companies, financial platforms enabling insurance access and firms developing new technologies to better harness data for weather modelling.
Martin Diaz Plata, Head of Private Equity Investments at BlueOrchard, said: “This year marked several significant achievements for us. These included the addition of four promising companies to the IIF PE II portfolio across India, South Africa, Africa, and Vietnam. For instance, we welcomed FinAGG, a firm that integrates flood insurance into loans for Indian micro-enterprises.”
These investments complement the Fund’s existing holdings that include Newe, a crop insurance firm based in Brazil; Igloo, a high-growth Asian insurance solutions provider; and Pula, a prominent crop insurance product developer operating across the African continent.
Philipp Müller, CEO of BlueOrchard, stated, “Investments through the two InsuResilience investment vehicles are rapidly passing another milestone, establishing a foothold in nearly 60 growth market countries and positively impacting nearly 70 million beneficiaries. These investments are key to advancing climate risk resilience in emerging markets. This is just the beginning of our journey, and we remain committed to supporting innovation and growth in climate insurance.”
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For further information, please contact:
BlueOrchard
Clara Scholz, Communications & Marketing Manager
+41 43 8837332
clara.scholz@blueorchard.com
About BlueOrchard Finance Ltd
BlueOrchard is a leading global impact investment manager and member of the Schroders Group. As a pioneer of impact investing, the firm is dedicated to generating lasting positive impact for communities and the environment, while aiming at providing attractive returns to investors. BlueOrchard was founded in 2001, by initiative of the UN, as the first commercial manager of microfinance debt investments worldwide. Today, the firm offers impact investment solutions across asset classes, connecting millions of entrepreneurs in emerging and frontier markets with investors with the aim to make impact investment solutions accessible to all and to advance the conscious use of capital. Being a professional investment manager and expert in innovative blended finance mandates, BlueOrchard has a sophisticated international investor base and is a trusted partner of leading global development finance institutions. To date, BlueOrchard has invested over USD 11 billion across more than 100 countries. As of December 2023, BlueOrchard supported over 300 million people in emerging and frontier markets with its investments. For additional information, please visit: www.blueorchard.com.
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