FinDev Canada Invests USD 33 Million in BlueOrchard Climate Action Mobilisation Fund
FinDev Canada has committed USD 33 million to the BlueOrchard Climate Action Mobilisation Fund (BOCAMF), a private debt fund that achieved its first close of USD 250 million. The blended finance vehicle will provide senior loans to financial institutions and directly support small and medium-sized enterprises in Asia-Pacific, Africa, and Latin America with climate-related projects. BOCAMF is the first such fund focused on emerging markets to receive an investment-grade A3 rating from Moody's under its closed-end fund methodology. The Fund aims to allocate at least 80% of its portfolio toward climate mitigation and adaptation activities across sectors like renewable energy, sustainable agriculture, green buildings, transport, and solar. The initiative supports Canada’s broader economic goals in these regions while advancing collaboration with the private sector and British International Investment (BII). FinDev Canada's CEO emphasized that blended finance is key to mobilizing institutional capital for climate action in emerging markets. BOCAMF was selected as a winner of BII's Climate Action Mobilisation Initiative, launched in 2025. The Fund’s structure combines BlueOrchard’s expertise with innovative financing models and regulatory compliance requirements, making it attractive to long-term investors such as insurers.
Topics: bilateral investment climate finance private debt fund sustainable development