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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FSD Africa Investments and Allied Climate Partners commit $50 million in catalytic capital to anchor the African Transition Acceleration Fund (ATAF)
Allied Climate Partners | 12 March 2026
FSD Africa Investments (FSDAi) and Allied Climate Partners (ACP) have jointly announced their combined anchor commitment of $50 million in catalytic capital to the first close of the African Transition Acceleration Fund (ATAF), a catalytic vehicle managed by African Infrastructure Investment Managers (AIIM). The fund, which is targeting $200 million, is designed to accelerate investment in Africa's energy transition, vitalise economies, and create sustainable jobs…
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IDB Invest Cultivates Caribbean Fund Managers to Mobilize Private Capital
IDB Invest | 12 December 2025
The Caribbean has the potential to become a dynamic hub for business and investment. With the right financial structures in place, the region’s vibrant entrepreneurial ecosystems and untapped opportunities offer favorable conditions for sustainable growth. For this reason, IDB Invest has launched a program to cultivate homegrown fund managers that mobilize investment to drive development across the Caribbean...
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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.
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
