2017 • 1 year • Impact Investments
The Aligned Intermediary, an investment advisory group created to help long-term investors accelerate and increase the flow of private capital into climate infrastructure projects and organizations, is researching a climate-targeted, blended-finance investment vehicle focused on capital mobilization in emerging markets. The vehicle's focus is on two goals: catalyzing significant amounts of first-time institutional capital, and creating a replicable investment structure. The initiative utilizes modest amounts of concessional finance to crowd-in much higher amounts of institutional capital to create a private-sector led effort that can act more quickly and nimbly than other, public sector-managed blended capital programs. In addition to a comprehensive market analysis of efforts to crowd-in climate-focused institutional capital, the research engages institutional capital providers, leaders in philanthropy, and development finance institutions. Research findings will be summarized and disseminated widely in a final report.