Investing catalytic capital to address climate finance bottlenecks in emerging economies
Who we are
Allied Climate Partners (ACP) is a philanthropic investment organization with a mission to address climate finance bottlenecks in emerging economies to create significant environmental, economic, and social impact. ACP’s initial focus regions are Southeast Asia, Africa, India, and the Caribbean & Central America.
ACP is backed by leading philanthropies working at the nexus of economic development, climate action, innovation, and finance in emerging economies.
What we do
ACP partners with regional investment managers in emerging economies. We help to establish and anchor funds by providing catalytic junior equity investments and value-added support. Each fund targets a key bottleneck impeding the flow of capital to climate-related sectors and aims to increase the number of bankable projects and asset-oriented businesses.
ACP’s funds are expected to create positive impacts on vulnerable & at-risk communities – including improving access to clean and resilient infrastructure (e.g., energy, transport) and strengthening resilience against climate risks.
The initial proof-of-concept for ACP is the Southeast Asia Clean Energy Facility (SEACEF), managed by Clime Capital.
“The shortage of bankable projects is a critical, persistent challenge in emerging economies. ACP’s leadership in providing affordable innovative financing to early-stage climate projects and companies addresses the urgent need in the transition to net zero, acting as a pioneering market making catalyst for underserved sectors.”
- Damilola Ogunbiyi, UN Secretary General's Special Representative
and CEO for Sustainable Energy for All (SEforALL)
Latest News
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Clean energy equity investment in EMDEs must increase fourfold by 2035 for net zero
Climate Policy Initiative (CPI) | 14 November 2025
Climate Policy Initiative (CPI) and the Glasgow Financial Alliance for Net Zero (GFANZ), with support from Allied Climate Partners and Three Cairns Group, and analytical support from Wood Mackenzie, released a new report, The Clean Energy Equity Investment Gap: Mobilizing private finance in emerging markets, revealing a growing shortfall in projected equity investment relative to the levels needed for EMDEs, excluding China (“EMDEs”) to align with global clean energy transition goals.
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Green Investments Partnership, a Blended Finance Fund under Singapore’s FAST-P initiative, Achieves First Close with US$510 Million in Committed Capital
Monetary Authority of Singapore | 8 January 2025
The Monetary Authority of Singapore (MAS) today announced that the Green Investments Partnership (GIP), a blended finance partnership under Singapore’s Financing Asia’s Transition Partnership (FAST-P) initiative, has achieved its first close with US$510 million of committed capital from global and regional private, public and philanthropic institutions…
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Clime Capital announces SEACEF II achieves maximum capitalisation
Clime Capital | 27 March 2025
Clime Capital, the Singapore-based fund manager dedicated to driving the shift towards a low-carbon economy, today announced that the South East Asia Clean Energy Fund ll (SEACEF ll) has achieved maximum capitalisation with US$175 million committed...
The challenge: Increasing the number of bankable climate projects and businesses
Infrastructure projects face their highest risks at the earliest stages, particularly in emerging economies. As a result, risk-oriented capital is often in short supply, and it can be challenging for entrepreneurs and developers to access the early-stage capital and assistance they need to develop climate-related projects and businesses to the point of bankability and financial close.
How ACP addresses the challenge
ACP’s capital seeks to fill critical early-stage gaps to address climate-related finance bottlenecks in EMDEs.
By originating and anchoring local investment managers with catalytic, junior capital, ACP will:
Focus on climate projects and companies at early stages of development when risk-oriented capital can have a significant impact
Systematically de-risk investments by providing tranched, milestone-based disbursements and hands-on management support (e.g., strategy, hiring)
Seek to exit early, crowd in third-party investors, and recycle proceeds to create more bankable projects
Ensure investments promote jobs, green industrialization, inclusive growth, and shared prosperity in vulnerable and at-risk communities
In addition to funds focused on providing equity at the critical early stages of project development, ACP is now actively evaluating additional climate finance bottlenecks where it could focus on establishing funds (e.g., other project stages, specific sectoral funds, or new regions).
How ACP supports selected regional managers
ACP provides hands-on, value-added support by:
Anchoring selected investment managers with first-loss, junior equity. This enables them to raise senior equity and create funds of sufficient scale focused on early-stage, climate-related projects and asset-oriented businesses
Working closely with regional investment managers to support their strategies, fundraising, and networks
Investing in strategic partnerships in the ecosystem to improve the investment landscape for regional funds and achieve climate impact
