Ardian has secured €100m in capital commitments for its nature-based solutions (NBS) strategy from development finance institutions, including the European Investment Bank (EIB) and Proparco and British International Investment (BII).
The investment firm said EIB’s development arm EIB Global has pledged to commit €50m, France’s Proparco will commit €20m and BII has agreed a €10m commitment to the Averrhoa NBS fund as anchor investors.
Together with commitments from other investors, including €5m from FDJ United, the impact investing fund of the French national lottery, and a contribution from French mutual insurer Mutuelle d’Ivry La Fraternelle, Ardian expects the Averrhoa NBS fund to secure a €100m first round of commitment.
Averrhoa NBS invests in projects to reforest and restore wetlands and mangroves and has a pipeline in Latin America, Africa and Asia, with a targeted impact of 85m tonnes of CO2 sequestered over 40 years with biodiversity and community benefits.
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